News Formal

Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The market for tokenized U.S. Treasuries has grown nearly sixfold to $622 million this year, as real-world assets on blockchains keep expanding.

USTY tokens, accessible on Tradeteq’s platform and issued on XDC Network, represent shares in a U.S. Treasury bond ETF.

Tokenization of real-world assets such as government bonds could grow to a $5 trillion market, experts say. Tradeteq, a U.K-based private debt and real-world asset marketplace, on Tuesday rolled out a tokenized U.S. Treasury offering on the layer 1 blockchainThe U.S. Treasury Yield tokens represent blockchain-based versions of shares in a U.S. Treasury bond exchange-traded fund , and are accessible for professional investors on Tradeteq’s Yieldteq platform. Tokenization service provider

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

XDC Steals the Show With 15% Daily Surge, BTC Won't Move From $26K (Market Watch)AVAX and CRV follow XDC in terms of daily gains but are way behind it.
Source: Crypto_Potato - 🏆 568. / 51 Read more »