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Highlights
- DigiFT's new tokens grant direct ownership of AA+ rated US T-Bills.
- RWA token market cap surges to $6.5B, growing 15% in 24 hours.
- DigiFT leverages the depository receipt model for a clearer legal structure.
DigiFT, a Singapore-based company, has diversified its products by launching digital tokens that are direct claims on U.S. Treasury Bill receipts. This development is a considerable progression in the domain of real-world asset tokens, presenting investors with a rather simple and legally clear way to interact with these assets.
The new development highlights the demand and market capitalization in the RWA sector, which grew by 15% during the last 24 hours to reach a total of $6.5 billion.
Approach to Real-World Assets
The new DigiFT tokens are designed as depository receipts that have traditionally been part of the representation of foreign companies’ equity on local stock exchanges. Through the application of this framework to U.S. Treasury Bills, DigiFT strives to provide its users with more than simply investment in these AA+ rated and short-term U.S. Treasury Bills but direct beneficial ownership.
This method is anticipated to ease the legal complications that are usually encountered with wrapped tokens, such as that of indirect ownership through a number of legal instruments and entities.
Singaporean exchange DigiFT launches US T-Bill RWA tokens, providing a direct claim on U.S. Treasury Bill receipts. 🏦🇺🇸
Market capitalization for real-world asset tokens surged by 16.2% to $6.56 billion in the past 24 hours.📈 pic.twitter.com/Sk64FhyQux
— Moby Media (@mobymedia) March 25, 2024
These tokens are set to cover a broad audience, including stablecoin issuers and Web3 developers looking for compliant treasury solutions, as well as institutional and accredited investors who can buy these tokens with approved fiat or stablecoin currencies via authorized self-custodial wallets.
Regulatory Compliance and Market Expansion
DigiFT operates under a Capital Markets Services License and is approved as a Market Operator by the Monetary Authority of Singapore, positioning it at the forefront of linking traditional financial assets with the digital asset space. The company’s dedication to regulation adherence and investor protection is manifested through the new RWA tokens, using the existing regulations to preserve the rights and safety of investors on the blockchain.
The RWA token market is growing rapidly as the total market capitalization and the performance of the leading tokens in this sector show it. The growth of the industry is due to the growing understanding of the advantages that blockchain technology can bring to the tokenization of real-world assets in terms of increased transparency and efficiency.
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