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Cryptocurrency News Articles

Realize T-Bills Fund Targets Southeast Asian and Gulf Investors with Tokenized Treasury ETFs

Nov 01, 2024 at 09:38 pm

Abu Dhabi-based Realize and Neovision Wealth Management have launched the Realize T-Bills Fund, a novel investment vehicle designed to bridge traditional finance

Realize T-Bills Fund Targets Southeast Asian and Gulf Investors with Tokenized Treasury ETFs

Abu Dhabi-based financial services firm Realize and Neovision Wealth Management have launched the Realize T-Bills Fund, a fund that will invest solely in US Treasury bill-based ETFs from BlackRock iShares and State Street’s SPDR. The fund is designed to attract major investments from Southeast Asia and Gulf countries. The two firms are also tokenizing fund units to create the investment product on the blockchain. The fund aims to reach $200 million in assets under management, with a first-year target of $50 million.

Dominik Schiener, co-founder of Realize, said that the largest investor base in the fund is expected to be from Southeast Asia. He anticipates that the GCC investors will contribute between 20% and 30% of the intended first-round target capital of $100 million and that European investors will also be involved. Scheiner noted that some of these areas are the Middle East and Southeast Asia, as these areas have high adoption rates of digital assets and high net worth investors.

Schiener highlighted the fund’s strategy of targeting not only financial market participants but also people and businesses already investing in cryptocurrencies who are willing to invest in a diversified portfolio. The fund will target family offices and wealthy individuals who need to protect their investments while leveraging the benefits of digital assets.

Through the Realize T-Bills Fund, Realize and Neovision aim to blend conservative financial products like U.S. Treasury bills with innovative digital solutions, ultimately widening their appeal across multiple investor demographics.

Realize will introduce the $RBILL token on the Ethereum and IOTA blockchains to support seamless investment in the fund. This tokenization allows investors to acquire fund units through both fiat and cryptocurrency, including Bitcoin, Ethereum, and IOTA, making it an accessible option for digital asset enthusiasts and conventional investors.

News source:icodesk.io

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