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Cryptocurrency News Articles
DigiFT Unveils Revolutionary U.S. Treasury Bill Token, Empowering Investors with Direct Ownership
Mar 25, 2024 at 03:03 pm
What's DigiFT's Game-Changing Innovation?
DigiFT, the pioneer in on-chain real-world asset (RWA) exchanges, has unveiled a groundbreaking innovation: the first-ever U.S. Treasury Bill depository receipt tokens (DRUST). These tokens represent direct beneficial ownership in the underlying U.S. Treasury Bill, offering investors unparalleled legal protection and transparency.
The Evolution of Depositary Receipts
Depositary receipts (DRs) have been a mainstay in traditional finance since the late 1920s, enabling investors to trade foreign stocks on domestic exchanges. In the 1990s, Global Depositary Receipts (GDRs) expanded their reach, catering to investors outside the United States.
DigiFT's Pioneering Token Issuance Model
By leveraging DRs on the blockchain, DigiFT has created a transformative token issuance model that addresses a critical challenge in RWA tokenization: the lack of a robust legal framework. Traditional RWA tokens often represent interest in complex legal entities, obscuring the direct ownership and economic benefits for token holders.
Direct Ownership and Economic Returns
In contrast, DigiFT's DR structure provides a clear legal framework, empowering investors with direct beneficial ownership in the underlying capital market securities. Token holders can legally claim and benefit from the economic returns generated by these assets.
Regulatory Compliance and Expertise
As the first RWA exchange on a public blockchain licensed by a Tier-1 financial regulator, DigiFT combines deep financial and technological expertise. The DRUST offering represents the first in a series of traditional financial assets to be brought into the Web3 space through the DR model.
Empowering Investors with DRUST
DRUST is tailor-made for stablecoin issuers and Web3 product developers seeking compliant treasury and cash management solutions. Institutional and accredited investors can seamlessly access DRUST through authorized self-custodial wallets using fiat or stablecoins.
DigiFT's Commitment to Innovation
"DigiFT's DR structure addresses a critical pain point in the RWA market, giving investors direct ownership and returns," said Henry Zhang, Founder and CEO of DigiFT. "We remain committed to expanding the universe of traditional financial assets in Web3 through the DR model, enhancing investor protection and transparency."
Disclaimer
This article is not intended as investment advice or an offer or solicitation of any kind.
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