Singaporean jeweler Mustafa Gold has partnered with FundBridge and Libera to launch a yield-generating gold token.

CoinFeed reported on April 23 that, according to Bloomberg, Singaporean jeweler Mustafa Gold has partnered with asset management firm FundBridge Capital and tokenization platform Libera to launch MG999, a digital token that tracks gold prices, providing investors with yield-bearing gold exposure. FundBridge lends funds raised through the token sale to Mustafa in gold-denominated form. Mustafa pays 2.5% interest to purchase physical gold and create jewelry. After deducting management fees, investors receive a 1% yield. Unlike traditional gold ETFs and futures products, this token directly provides a positive return. FundBridge stated that since the loan is denominated in gold rather than cash, Mustafa's repayment obligations and inventory value increase when gold prices rise and decrease when gold prices fall, helping to stabilize profit margins.