Tradeteq Launches Exchange-Traded U.S. Treasury Yield (USTY) Fund as a Digital Asset
Tradeteq, a financial asset marketplace and securitization-as-a-service provider, has introduced an exchange-traded U.S. Treasury Yield (USTY) fund as a digital asset. The San Francisco-based company Securitize has tokenized USTY on the XDC Network blockchain. The USTY token offers investors access to a yield from a U.S. Treasury ETF and exposure to U.S. Treasury securities. Accredited investors can obtain the USTY token starting Tuesday. This is also the first time Securitize has utilized the XDC network for tokenizing digital asset securities.
Key Points:
– Tradeteq has launched an exchange-traded U.S. Treasury Yield (USTY) fund as a digital asset.
– Securitize has tokenized USTY on the Layer 1 blockchain XDC Network.
– The USTY token provides investors with a yield from a U.S. Treasury ETF and exposure to U.S. Treasury securities.
– Accredited investors can acquire the USTY token starting Tuesday.
– This marks the first time Securitize has utilized the XDC network for tokenizing digital asset securities.
Hot Take:
This move by Tradeteq and Securitize demonstrates the increasing convergence of traditional financial assets and digital assets. By tokenizing the U.S. Treasury Yield fund on the XDC Network, investors can now access the benefits of both worlds – the stability of U.S. Treasury securities and the flexibility and accessibility of cryptocurrencies. This innovative approach may pave the way for further integration of traditional financial products into the digital asset space.
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