News

DigiFT Launches US Treasury Token DUST With 5.40% Annualized Return: Report

Key Points:

  • 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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

2 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

4 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

5 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

8 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

11 hours ago

This website uses cookies.