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

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

25 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

55 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.