Crypto:
30253
Bitcoin:
$66.125
% 0.14
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.125
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

DigiFT Unveils Tokens Tied to US Treasury Bills

Digift Cointurk

Singapore-based DigiFT has unveiled a groundbreaking offering: tokens representing direct claims on U.S. Treasury Bill receipts. With a surge in real-world asset token market capitalization, which has risen by 15% to reach $6.5 billion within the last 24 hours, DigiFT’s move marks a significant development.

The announcement from Singapore’s on-chain real-world asset (RWA) exchange, DigiFT, introduces a novel tokenization of U.S. Treasury Bills. Adopting a structure akin to depository receipts, typically used for shares of companies outside local stock markets, DigiFT’s new tokens provide users with direct beneficial ownership of AA+ rated, short-term T-Bills. This innovation promises a legal stream of returns from the underlying securities.

DigiFT highlights a common complexity in existing RWA tokens, which often involve intricate legal arrangements tied to special purpose vehicles, feeder funds, or derivative instruments. In contrast, the company’s depository receipt model offers a simpler legal framework, aiming to enhance investor comprehension.

Moreover, DigiFT emphasizes the versatility of its new RWA token, catering to stablecoin issuers, Web3 product developers seeking regulatory-compliant treasury and cash management solutions. Accredited investors and institutions can access the product via authorized self-custodial wallets, utilizing fiat currency or stablecoins.

DigiFT’s regulatory compliance is underscored by its possession of a Capital Markets Services License and recognition as a Market Operator, as per the Monetary Authority of Singapore website.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Celestia Announces Airdrop!

Leave a Reply

Your email address will not be published. Required fields are marked *