Crypto Investment Firm Allocates Over $1 Billion to U.S. Treasurys
A crypto investment organization has recently invested more than $1 billion in U.S. Treasurys using off-chain structures. This move is aimed at strengthening the organization’s balance sheet by gaining exposure to low-risk and highly liquid traditional assets. The investment firm believes that investing in tokenized Treasury bills (T-Bills) can bring several benefits to MakerDAO, including increased transparency, simplified accounting, and reduced complexity compared to off-chain T-Bill products. Additionally, tokenized T-Bills can potentially provide faster redeemability for stablecoins compared to fiat currencies. However, the firm also acknowledges that on-chain tokenized T-Bills come with a higher counterparty risk. The proposal emphasizes that it is not meant to replace existing arrangements, but rather to explore new opportunities for growth and efficiency.
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