<a href="https://bitcoinworld.co.in/digift-introduces-us-treasury-bill-depository-receipt-tokens-for-enhanced-investor-protection/" title="DigiFT Introduces US Treasury Bill Depository Receipt Tokens for Enhanced Investor Protection" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">DigiFT announces US Treasury Bill depository receipt tokens, offering direct beneficial ownership of the underlying US Treasury Bill</li>
 <li style="font-weight: 400">DigiFT states that the circulating tokens have intricate legal structures, posing challenges for investors to grasp their legal implications.</li>
 <li style="font-weight: 400">DigiFT’s CEO highlights how this addresses a key challenge in the RWA market.</li>
</ul>
<a href="https://www.digift.sg/announcements/first-rwa-depository-receipt-tokens.html" rel="noopener noreferrer nofollow">According</a> to a DigiFT report, DigiFT, the inaugural licensed exchange facilitating on-chain transactions of real-world assets, has announced US Treasury Bill depository receipt tokens, which offer direct beneficial ownership of the underlying U.S. Treasury Bill.
DigiFT has developed a token issuance model deploying the depository receipt (DR) structure on-chain, addressing a “challenge” in real-world asset (RWA) tokenization.&nbsp;
DigiFT ensures tokens represent token holders’ direct beneficial interest in the underlying asset while enabling seamless settlement on-chain.
According to the DigiFT statement, the tokens currently in circulation are “wrapped” in complex legal structures, making it hard for investors to understand the legal implications.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/estonia-government-approves-bill-to-regulate-crypto-service-providers/" aria-label="“Estonia Government Approves Bill To Regulate Crypto Service Providers” (Edit)" rel="noopener noreferrer nofollow">Estonia Government Approves Bill To Regulate Crypto Service Providers</a>
The tokens that are to be issued reportedly provide a solution to this problem as they will provide a more plain-sailing legal framework.&nbsp;
Henry Zhang, DigiFT’s founder, and CEO, stated, “DigiFT’s innovative DR structure addresses a pain point in the current RWA market, empowering investors with direct ownership of underlying assets and returns.”&nbsp;
The CEO reiterated that DigiFT remains committed to expanding the universe of traditional financial assets in the Web3 space through the DR model.
The report mentioned that the DigiFT U.S. Treasury Tokens (DRUST) would be the inaugural offering in a series under the DR structure, providing direct backing from AA+rated, highly liquid U.S. Treasury bills.&nbsp;
Moreover, the report suggested that tokens would be ideal for stablecoin issuers and Web3 product developers/managers seeking regulatory-compliant treasury and cash management solutions.&nbsp;
DigiFT announced in December that it had been awarded the coveted Capital Markets Services (CMS) license and recognized as a Recognized Market Operator (RMO) by the Monetary Authority of Singapore (MAS).
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
&nbsp;
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/digift-introduces-us-treasury-bill-depository-receipt-tokens-for-enhanced-investor-protection/" rel="noopener noreferrer nofollow">DigiFT Introduces US Treasury Bill Depository Receipt Tokens for Enhanced Investor Protection</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

DigiFT Introduces US Treasury Bill Depository Receipt Tokens for Enhanced Investor Protection

ItsBitcoinWorld

2024년 3월 25일에 게재된 다른 기사

Top Bitcoin Dev Mulls Comeback

Monero Price Prediction: XMR Is Biggest Loser With 2% Tumble As Analysts Ask If It’s Too Late To ...

Binance (BNB) and Solana (SOL) Made Millionaires in 2017, Crypto Analyst Predicts New ‘Black Acco...

Top 3 Altcoin Picks by Investors for Massive Returns: NFTFN, XDC, and Aptos

Magic Square Launches $SQR Staking Program for Token Holders

Bitcoin-Linked Stocks Coinbase And MicroStrategy Are Rising Monday: What's Going On?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!