Bittime - DigiFT, a company from Singapore, has just launched an innovative product! They offer RWA (real world asset) tokens which represent direct ownership of United States Treasury Bills (government securities).
This is rapid progress in the field of real-world assets in the form of tokens, providing a simple and legal way of investing for the public.
The presence of this new token shows the high interest and market capitalization value for token-based real assets. Its total market capitalization rose 15% in the last 24 hours to $6.5 billion (around IDR 94 trillion)!
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What is DigiFT?
Reporting from its official website, DigiFT can be said to be a pioneer in the field of blockchain-based real world asset exchangers that comply with regulations. They are registered with the FinTech Regulatory Sandbox program organized by the Monetary Authority of Singapore (MAS), Singapore's financial authority. Amazingly, DigiFT is the only exchanger who successfully graduated from the program.
Also read: Crypto and Real World Assets (RWA): Top 10 RWA Coins
DigiFT is built on the Ethereum blockchain and offers a variety of regulatory compliant services. Their services include primary market issuance and distribution of asset-backed tokens, as well as trading of those tokens on secondary markets.
The assets represented by this token can be digital assets or real assets such as bonds, shares and units in collective investment schemes. To ensure the liquidity of the tokens they provide, DigiFT uses various mechanisms, including Automatic Market Maker (AMM).
Direct Investment in US Treasury Bills Via Tokens
DigiFT's new token is designed as a "depository receipt" - much like a share ownership certificate of a foreign company traded on a local exchange.
With this scheme, DigiFT offers more than just investment in US Treasury Bills (AA+ rated and short term), but direct ownership of those assets.
Compared to "wrapped tokens" whose ownership is indirect through various legal entities, this scheme is believed to be simpler and with minimal legal problems.
This token is suitable for various parties, such as stablecoin issuers and Web3 developers who need a Treasury investment solution that complies with regulations. Institutional and accredited investors can also purchase using approved fiat currencies or stablecoins, via dedicated digital wallets.
Also Read How to Buy Crypto:
Comply with Regulations and Market Expansion
DigiFT operates with a Capital Markets Services license and permission as a Market Operator from the Monetary Authority of Singapore. This makes them a bridge between traditional financial assets and digital assets.
DigiFT's commitment to regulation and investor protection is clearly visible through this new RWA token. They take advantage of existing regulations to maintain the security and rights of investors in the blockchain.
The RWA token market is growing rapidly, as can be seen from the market capitalization and performance of leading tokens. This increase is driven by an increasingly better understanding of the benefits of blockchain technology in terms of transparency and efficiency when converting real assets into digital tokens.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What Are Real World Assets (RWA), 5 Crypto Coins & Blockchains That Use the RWA Narrative
RWA Tokenization on a Large Scale Not Feasible Yet?
TRI: TrueFi's Newly Released RWA Token
What Are Real World Assets (RWA), and How Do They Function in DeFi?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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