1 year ago
Decentralized speech (DEX) DigiFT has launched a regulatory-compliant tokenized mentation of the U.S. Treasury known arsenic DUST, according to an Aug. 10 property statement.
The Singapore-licensed crypto level stated that the token was backed by a azygous U.S. Treasury enactment with a maturity day of Dec. 31. This offers accredited and organization investors a accidental to put successful U.S. treasuries via an on-chain channel.
DigiFT CEO Henry Zhang said the merchandise would bring investors the champion of decentralized concern and accepted yield. He added:
“DUST volition alteration america to broaden pathways for investors to research tokenised real-world assets (“RWAs”) on-chain with afloat transparency, backed by organization people hazard absorption mechanisms.”
Investors tin entree U.S. Treasuries via DUST utilizing either fiat currency oregon stablecoins. With a humble minimum concern of 1 USDC/USD, the merchandise extends concern opportunities to radical successful antithetic fiscal classes.
Meanwhile, DigiFT said DUST provides same-day colony for investments beneath $50,000, taxable to liquidity.
The tokenized treasuries and bonds marketplace has grown substantially, with the full worth of assets locked successful the assemblage astatine much than $650 million, according to rwa data. Some fashionable protocols successful the abstraction see Backed, Maple, Ondo, etc.
Maple Finance introduces on-chain Treasury pools
Meanwhile, different on-chain marketplace for organization investors, Maple Finance (MAP), precocious obtained exemption from the Securities and Exchange Commission (SEC) to connection its one-month U.S. Treasury yields successful the country.
Maple wrote:
“The operation provides Lenders with the astir nonstop entree to U.S. Treasury Bill rates on-chain, recourse to Treasury Bill collateral without ETF liquidity oregon depeg risks.”
With the exemption, U.S.-based investors tin entree Maple Finance Treasury pools antecedently lone disposable to overseas investors.
SEC was capable to assistance the exemption nether its Regulation D Rule 506(c) Exemption. The regulator’s website authorities that the exemptions let a institution to broadly solicit and advertise an offering to accredited investors.
Data from Maple Finance showed that the 30-day yearly percent output (APY) for the excavation is 4.77%. The outstanding indebtedness worth is 21.7 cardinal USDC, portion implicit 193 cardinal USDC successful loans person been originated.
The station Regulatory-compliant US Treasury tokens connected the emergence arsenic DUST launches connected Singapore DEX DigiFT appeared archetypal connected CryptoSlate.
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