Token

Ondo

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
  Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions. 
</div> 
<p class="has-drop-cap">Singapore-based decentralized exchange <a aria-label="DigiFT rolled out a regulatory-compliant US Treasury token (opens in a new tab)" href="https://www.digift.sg/announcements/digift-press-dust.html" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">DigiFT rolled out a regulatory-compliant US Treasury token</a> on Thursday, backed by a single Treasury note with a specific expiry date of December 31, 2023. The new product offers investors a way to invest in a blockchain-based Treasury token, bridging the gap between decentralized and traditional finance (TradFi).</p> 
<h3 id="the-first-fully-regulated-us-treasury-token-issued-on-a-blockchain">The First Fully Regulated US Treasury Token Issued on a Blockchain</h3> 
<p>DigiFT, a digital asset decentralized exchange (DEX) based in Singapore, launched DigiFT US Treasury Token (DUST) – “the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain.”</p> 
<p>According to the press release, DUST is backed by a single US Treasury note with a particular maturity date. The newly-launched asset provides licensed and institutional investors with an <a href="https://tokenist.com/on-chain-tokenized-assets-could-be-a-16t-market-by-2030-bcg-report/" rel="noopener noreferrer nofollow" class="deco-link">on-chain product</a> that allows them to invest in US Treasuries. The report adds that the physical US Treasuries are kept in custody with a licensed broker-custodian in Singapore.</p> 
<p>In contrast to tokenized Treasury bills, DUST offers a regulated, blockchain-based channel for investors to buy US Treasuries, which are set to expire on December 31, 2023. In addition, investors can invest in the token with the US dollar or the USDC stablecoin. The minimum investment amount for DUST is 1 USD/USDC.&nbsp;</p> 
<blockquote class="wp-block-quote"> 
 <p>“The launch of DigiFT U.S. Treasury Token represents our commitment to bring the best of both decentralised finance (DeFi) and traditional yield to investors. As the first fully regulatory-compliant U.S. Treasury Token offered on a DEX, DUST will enable us to broaden pathways for investors to explore tokenised real-world assets (“RWAs”) on-chain with full transparency, backed by institutional grade risk management mecha nisms.”&nbsp;</p> <cite>– said Henry Zhang, CEO of DigiFT.</cite> 
</blockquote> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="tokenized-treasury-product-tokens-surpass-640m-in-total-value">Tokenized Treasury Product Tokens Surpass $640M in Total Value</h3> 
<p>The rollout of DUST represents DigiFT’s third product aimed at bridging decentralized finance (DeFi) and <a href="https://tokenist.com/why-2023-might-be-a-big-year-for-real-world-asset-rwa-tokenization/" rel="noopener noreferrer nofollow" class="deco-link">real-world assets</a> (RWAs) via regulated products. The DEX noted in the press release that the new security token also offers same-day settlement for those who invest less than $50,000.&nbsp;</p> 
<p>From a broader perspective, DUST’s market debut underscores the ongoing interest in tokenized Treasury securities. According to real-world asset data firm RWA.xyz, the market value of blockchain-based investment solutions that wrap T-Bills, bonds, and money market funds into a form of a token <a href="https://app.rwa.xyz/treasuries" target="_blank" aria-label="surpassed $640 million (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">surpassed $640 million</a>.&nbsp;</p> 
<p>Last week, blockchain company <a href="https://tokenist.com/ex-goldman-associates-led-firm-launches-t-bills-backed-stablecoin/" rel="noopener noreferrer nofollow" class="deco-link">Ondo Finance introduced the USD Yield</a>, the first tokenized bond backed by Treasury bills and bank deposits. The product is available to non-US retail and institutional investors.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title"> <strong>Finance is changing.</strong> 
  </div> 
  <div class="cta-sub__subtitle">
    Learn how, with Five Minute Finance. 
  </div> 
  <div class="cta-sub__excerpt">
    A weekly newsletter that covers the big trends in FinTech and Decentralized Finance. 
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
    Awesome 
  </div> 
  <div class="cta-sub__caption">
    You’ve subscribed. 
  </div> 
  <div class="cta-sub__greeting">
    You’re well on your way to being in the know. 
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think the tokenized treasuries market will continue growing rapidly over the next decade? Let us know in the comments below.&nbsp;</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/singapore-based-digift-launches-regulatory-compliant-us-treasury-token/">Singapore-Based DigiFT Launches Regulatory-Compliant US Treasury Token</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Singapore-Based DigiFT Launches Regulatory-Compliant US Treasury Token

Table of Contents

Tokenist

Other articles published on Aug 10, 2023

Why Shiba Inu’s Leash Token Fails to Entice Investors Despite Intriguing Scarcity

JUST IN: Binance Invested $5 Million In This Altcoin, Price Soars!

Shiba Inu Primed to Rally, Analysts See Bull Run Lasting Up to 2 Months As Prices Surge

Coinbase’s Base mainnet launches to public

The US FED Introduces Crypto Regulatory Program

Is a Potential Market Selloff Looming as Q3 Has a Quiet Start?

Join our free newsletter for daily crypto updates!