DigiFT Presents First RWA Depository Receipt Tokens for Investor Safety On-chain
Singapore, Singapore, March 25th, 2024, Chainwire
DigiFT Revolutionizes Real-World Asset Trading
DigiFT, the inaugural licensed exchange for on-chain real-world assets, has unveiled the introduction of the pioneering U.S. Treasury Bill depository receipt tokens. These tokens provide direct beneficial ownership in the underlying U.S. Treasury Bill, a significant breakthrough in the world of digital assets.
A Glimpse into DR History
Depositary receipts have a rich history in traditional finance, dating back to the late 1920s with the creation of the first American Depositary Receipt by J.P. Morgan. Fast forward to the present, and DigiFT is taking this time-tested structure to the blockchain to address critical market challenges in Real World Asset tokenization.
Introducing a Game-Changing Token Structure
By leveraging the depositary receipt structure on-chain, DigiFT has paved the way for a new token issuance model that ensures tokens accurately represent the direct beneficial interests of investors in the underlying asset. This innovative approach simplifies the legal framework, enabling investors to understand and benefit from the underlying assets more effectively.
Empowering Investors with Direct Ownership
Unlike wrapped tokens that often involve complex legal arrangements, DigiFT’s DR structure allows token holders to have a straightforward and direct beneficial claim on the assets they invest in. This transparency and legal clarity provide enhanced investor protection and promote trust in the digital asset space.
Breaking New Ground in Regulatory Compliance
As the first RWA exchange licensed by a Tier-1 financial regulator on the public blockchain, DigiFT combines financial expertise with cutting-edge technology to offer regulated financial solutions on-chain. The DigiFT U.S. Treasury Tokens (DRUST) offer a secure and compliant investment avenue backed by highly liquid U.S. Treasury Bills.
The Vision for a Bright Future
Henry Zhang, Founder and CEO of DigiFT, emphasizes the brand’s commitment to expanding the traditional financial asset universe in the Web3 space through the DR model. This approach aims to provide investors with better protection, transparency, and direct ownership of underlying assets and returns.
About DigiFT
DigiFT stands as the premier regulated exchange for on-chain real-world assets, offering blockchain-based security tokens with continuous liquidity through an Automated Market Maker. Established in Singapore in 2021, DigiFT prioritizes regulatory compliance and innovation in providing cutting-edge financial solutions.
For Media Inquiries
Contact PR Head Evelyn Xiong at [email protected] for any media inquiries.
