DigiFT Launches US Treasury Token DUST With 5.40% Annualized Return: Report
- DigiFT launches the US Treasury Token DUST, the first fully regulatory-compliant U.S. Treasury token.
- DUST offers accredited and institutional investors an on-chain channel to invest in U.S. Treasuries.
DigiFT, a Security token DEX enrolled within Singapore MAS FinTech Regulatory Sandbox, announced the launch of the US Treasury Token DUST. Investors can use USD or USDC to purchase. The annualized rate of return until August 3, 2023 is 5.40%
DigiFT, a Singapore-based Security token DEX enrolled within Singapore MAS FinTech Regulatory Sandbox, has announced the US Treasury Token DUST launch. This new product is the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain.
A single U.S. Treasury note backs DUST with a specific maturity date of 31 December 2023. It offers accredited and institutional investors an on-chain channel to invest in U.S. Treasuries, with the physical U.S.
Treasuries are customized with a licensed broker-custodian in Singapore. Investors can invest in the regulatory-compliant security token offering with either fiat (U.S. Dollar (USD)) or stablecoins (USD Coin (USDC)), with a minimum investment amount of 1 USD/USDC.
According to Henry Zhang, CEO of DigiFT, the launch of DigiFT U.S. Treasury Token represents the company’s commitment to bringing the best of decentralized finance (DeFi) and traditional yield to investors. DUST will enable investors to explore tokenized real-world assets (“RWAs”) on-chain with full transparency, backed by institutional-grade risk management mechanisms.
The tokenized treasury market surpassed USD 680 million in early August 2023. With DUST, DigiFT has bridged DeFi and RWAs through regulated solutions. DigiFT also provides regulatory-compliant access to Matrixdock’s (a subsidiary of Matrixport) Short-term Treasury Bill Token (STBT), which has a total supply of over 122 million as of 9 August 2023 for accredited investors.
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