Realize T-BILLS基金在阿布扎比全球市场推出

第一个在阿布扎比全球市场获得许可的代币化国库券基金于周四推出，其创建者希望从阿布扎比全球市场吸引 1 亿美元。

The first tokenised treasury bill fund licensed in the Abu Dhabi Global Market (ADGM) launched on Thursday, aiming to attract $100 million from investors within a year.

第一个在阿布扎比全球市场（ADGM）获得许可的代币化国库券基金于周四推出，旨在一年内吸引投资者 1 亿美元。

Such funds buy United States treasuries, which are US government bonds, and then create a blockchain-based token to represent these assets, thereby enabling digital, fractional ownership that may prove more liquid and accessible.

此类基金购买美国国债，即美国政府债券，然后创建基于区块链的代币来代表这些资产，从而实现数字化、部分所有权，这可能会证明更具流动性和更容易获得。

According to the website rwa.xyz, investment in tokenised treasury funds has soared to more than $2.4 billion worldwide, up from just $105 million at the start of 2023.

根据 rwa.xyz 网站的数据，全球代币化国库基金的投资已从 2023 年初的 1.05 亿美元飙升至超过 24 亿美元。

These tokenised funds are now held across nearly 8,800 addresses, or accounts, at an average of $275,000 each.

这些代币化资金目前保存在近 8,800 个地址或账户中，平均每个地址或账户价值 275,000 美元。

The Realize T-BILLS Fund is launched by Abu Dhabi-based duo Neovision Wealth Management and Realize.

Realize T-BILLS 基金由阿布扎比的 Neovision Wealth Management 和 Realize 合作伙伴发起。

Neovision will manage the fund, while Realize operates the supporting technology.

Neovision 将管理该基金，而 Realize 则运营支持技术。

Speaking to AGBI, Dominik Schiener, Realize’s co-founder, said his target was for the fund to have $100 million in assets under management in 12 months’ time. Of this, he expects 20 to 30 percent will come from investors in the Gulf and the remainder from Europe and Southeast Asia.

Realize 联合创始人 Dominik Schiener 在接受 AGBI 采访时表示，他的目标是该基金在 12 个月内管理的资产达到 1 亿美元。他预计其中 20% 至 30% 将来自海湾地区的投资者，其余的来自欧洲和东南亚。

“Southeast Asia is going to be the largest demographic for us. We also want to do a lot in the Middle East because it has a high penetration of crypto users and wealthy individuals,” Schiener said.

“东南亚将成为我们最大的人口群体。我们还想在中东做很多事情，因为那里的加密货币用户和富裕个人的渗透率很高，”席纳说。

Arvind Ramamurthy, Abu Dhabi Global Market's chief market development officer, said in a statement announcing the fund’s launch: “As a tokenised investment fund adhering to stringent regulatory standards, it positions the international financial centre of Abu Dhabi as a global leader in real-world asset tokenisation.”

阿布扎比全球市场首席市场开发官 Arvind Ramamurthy 在宣布该基金推出的声明中表示：“作为一支遵守严格监管标准的代币化投资基金，它将阿布扎比国际金融中心定位为现实世界的全球领导者。资产代币化。”

The Realize T-BILLS Fund invests in three-month US treasury bill ETFs (exchange-traded funds) run by BlackRock and State Street Global Advisors.

Realize T-BILLS 基金投资于由 BlackRock 和 State Street Global Advisors 运营的三个月期美国国库券 ETF（交易所交易基金）。

Its minimum investment is $50,000, and it is open to qualified investors worldwide outside of the United States.

其最低投资额为 50,000 美元，向美国以外的全球合格投资者开放。

“The fund holds the ETF in custody. The key difference is that instead of having a typical share registry, we have it as tokens,” Schiener said.

“该基金托管 ETF。关键的区别在于，我们没有采用典型的共享注册表，而是将其作为代币，”Schiener 说。

“The tokens represent physical and legal ownership in the fund. You can create new markets to trade these tokenised assets, so you have more liquidity and new utility.

“这些代币代表了该基金的实际和合法所有权。您可以创建新的市场来交易这些代币化资产，从而获得更多的流动性和新的效用。

“It's not a cryptocurrency, but a security token, because it's backed by the underlying securities, which are treasury bills.”

“它不是一种加密货币，而是一种证券代币，因为它有基础证券（即国库券）的支持。”

The fund accepts conventional currency via wire transfer as well as Bitcoin, Ethereum and Iota tokens.

该基金接受电汇传统货币以及比特币、以太坊和 Iota 代币。

Whether fiat money or crypto, these are then used to buy the ETFs via Swissquote, an online trading platform based in Nyon, Switzerland.

无论是法定货币还是加密货币，这些资金都可以通过 Swissquote（一家位于瑞士尼翁的在线交易平台）购买 ETF。

“It automatically gets converted into a token and you receive the token into your wallet,” Schiener said. “So, you have instant liquidity.”

“它会自动转换为代币，然后您会将代币接收到您的钱包中，”席纳说。 “所以，你拥有即时的流动性。”

Schiener said the fund’s target investors were wealthy individuals or entities already invested in crypto but who “want to diversify out of volatile crypto towards safer, yield-bearing assets that are collateralised”.

希纳表示，该基金的目标投资者是已经投资了加密货币的富有个人或实体，但他们“希望摆脱波动性的加密货币，转向更安全、有收益的抵押资产”。

He said he also hoped to attract more conventionally minded investors and family offices that want to obtain exposure to crypto and “leverage their portfolio”.

他表示，他还希望吸引更多具有传统思维的投资者和家族办公室，他们希望获得加密货币并“利用他们的投资组合”。

“Realize's tokenised fund will enable investors to use treasury ETF holdings in new ways that you haven't been able to do with the traditional financial ecosystem, or where it's very expensive to do that,” Schiener said.

Schiener 表示：“Realize 的代币化基金将使投资者能够以传统金融生态系统无法做到的新方式使用国库 ETF 资产，或者这样做的成本非常昂贵。”

“The key innovation is, you can then leverage these tokenised assets in what we call yield vaults. You can take out a loan against the tokens and generate additional yield by acquiring other assets,” he said. “This collateralisation and the instant liquidity, where you can trade treasury bills, will be the most exciting part of this.”

“关键的创新是，您可以在我们所说的收益金库中利用这些代币化资产。你可以以代币为抵押贷款，并通过收购其他资产来产生额外的收益，”他说。 “这种抵押和即时流动性（您可以在其中交易国库券）将是其中最令人兴奋的部分。”

Realize will soon launch an online platform where institutional investors can lend to fund token holders who will use their tokens as collateral.

Realize 将很快推出一个在线平台，机构投资者可以向基金代币持有者提供贷款，而基金代币持有者将使用其代币作为抵押品。

“The objective for the investor would be to generate a higher yield than what they're paying in interest” on their collateralised borrowings, Schiener said.

希纳表示，“投资者的目标是获得比他们支付的利息更高的收益率”。

“As we give new options to generate yield beyond just the underlying yield of the treasury bills, it gets a lot more attractive for investors,” he said. “We’re already working on two more structures to tokenise different assets. Setting up something for retail investors would be also very interesting.”

他表示：“随着我们提供新的选择来产生超出国库券基础收益率的收益，它对投资者来说更具吸引力。” “我们已经在研究另外两种结构来对不同的资产进行代币化。为散户投资者设立一些东西也会很有趣。”