Original story published by Krisztian Sandor from CoinDesk. In a significant move for the decentralized finance (DeFi) space, MakerDAO, the protocol behind the $5 billion stablecoin DAI, announced plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. This strategic decision is expected to attract top industry players such as BlackRock‘s BUIDL, […]
Centrifuge, the platform for onchain finance, has announced a strategic investment from Web3 Foundation, known for stewarding Polkadot. Web3 Foundation will invest part of its treasury into real-world assets (RWAs) via Centrifuge, beginning with a $1 million pilot investment. This initiative aligns with Web3 Foundation’s strategic mission to promote Web3 projects through funding, advocacy, and […]
Today, DigiFT, a decentralised exchange (DEX) for digital assets, announced the launch of DigiFT U.S. Treasury Token (“DUST”). DUST is the first fully regulatory-compliant U.S. Treasury token issued on a public blockchain. Backed by a single U.S. Treasury note with a specific maturity date, DUST offers accredited and institutional investors an on-chain channel to invest in U.S. Treasuries, with the physical U.S. Treasuries custodised with a licensed broker-custodian in Singapore. Unlike other tokenised treasuries, DUST provides a regulated, on-chain channel for investors to invest in U.S. Treasuries with a specific […]