DigiFT recently unveiled its latest offering in the form of US Treasury Bill depository receipt tokens. This innovation introduces direct beneficial ownership in US Treasury Bills to the blockchain.
The significance of this launch lies in its approach to solving a longstanding issue within Real-World Asset (RWA) tokenization—the challenge of legally and accurately representing ownership and interest.
US Treasury Bill Tokens Now on Real-World Assets Exchange
The concept of depositary receipts has a rich history in facilitating international investment, dating back to their inception in the 1920s. Traditionally, these instruments enabled investors to access foreign markets with relative ease. Adapting this established structure, DigiFT aims to address the legal representation of token holders’ interests in Real-World Assets.
Currently, the market is saturated with wrapped tokens, which often come entangled in legal frameworks that obscure direct ownership. This can pose significant hurdles for investors seeking to navigate the implications of their investments. By contrast, DigiFT’s deployment of depository receipt tokens offers a clear, legally coherent framework.
This model simplifies investment comprehension and ensures investors have a direct claim on the returns of the underlying assets.
Read more: What is The Impact of Real World Asset (RWA) Tokenization?
Henry Zhang, Founder and CEO of DigiFT, highlighted the importance of the DR structure. It helps address market needs, particularly in terms of direct ownership and return on investment.
“DigiFT’s innovative DR structure addresses a pain point in the current RWA market, empowering investors with direct ownership of underlying assets and returns. Looking ahead, DigiFT remains committed to expanding the universe of traditional financial assets in the Web3 space through the DR model, offering better investor protection and transparency,” Zhang said.
As the first licensed Real-World Assets exchange, DigiFT merges deep financial insights with advanced technological capabilities. The newly launched US Treasury Tokens (DRUST) are emblematic of this fusion, providing a regulated, blockchain-based option for managing treasury and cash flows. Highly liquid US Treasury Bills directly back these tokens, which appeal to a broad spectrum of institutional investors.
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