First Fully Compliant U.S Treasury Token on a DEX

DigiFT, a security token DEX enrolled within the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox, has announced the launch of the DigiFT U.S. Treasury Token ("DUST"). DUST, a fully compliant token tied to the U.S. Treasury, has made history as the inaugural U.S. Treasury token on a public blockchain. It caters to accredited and institutional investors, offering an on-chain path to invest in U.S. Treasuries. The actual U.S. Treasuries are securely held by a licensed broker-custodian in Singapore.

What sets DUST apart is its regulation-backed approach. Unlike other tokenized treasuries, DUST provides a legitimate way for investors to participate in U.S. Treasuries with a predetermined maturity date, set for December 31, 2023. Investors can choose to invest using fiat (U.S. Dollar (USD)) or stablecoins (USD Coin (USDC)), with a minimum investment of just 1 USD/USDC.

Henry Zhang, CEO of DigiFT, commented:

"Our launch of the DigiFT U.S. Treasury Token showcases our dedication to merging the strengths of decentralized finance (DeFi) and traditional yield. As the pioneering fully compliant U.S. Treasury Token on a DEX, DUST opens avenues for investors to explore on-chain tokenized real-world assets (RWAs) with unparalleled transparency, supported by institutional-grade risk management mechanisms."

DUST marks the third flagship offering by DigiFT, which is responsible for bridging the gap between DeFi and real-world assets (RWAs) through regulated solutions. For investments under USD 50,000, DUST facilitates same-day settlement, contingent on liquidity.

Mr. Zhang added, "We envision the tokenization of RWAs as the future of investment, and DUST will play a pivotal role in propelling the broader adoption of digital tokens through its compliant features. Given our unique position as a regulatory-compliant DEX, we are thrilled not only about bringing more RWAs on-chain, but also about innovating and introducing fresh, compliant solutions for investors."

Red Cedar Digital Pte. Ltd., an affiliate of DigiFT, issues the DUST token, with a YTM of 5.40% as of August 3, 2023.

What is DigiFT:

DigiFT is the inaugural security token DEX in the Singapore MAS FinTech Regulatory Sandbox. It operates on the Ethereum blockchain, enabling asset holders to create blockchain-based security tokens. Traders can access constant liquidity through an Automatic Market Maker system. The founding team includes finance and fintech experts from top firms like Goldman Sachs, UBS, Citibank, and Morgan Stanley. They bring extensive blockchain expertise and a track record of developing digital asset products.

Where to find DigiFT:

Website | Twitter