Bittime - The world of real world assets (RWA) is increasingly attracting the attention of crypto investors! Woo X also doesn't want to miss out on this trend. Recently, they releasedthe United States Treasury Bill (T-Bill) investment service in the form of digital tokens. Woo X claims to be the first to offer this product to retail investors.
The Real World Asset (RWA) Tokenization Trend Is Hotting Up
A CoinGecko report revealed that RWA became the second most profitable crypto trend in the first quarter of 2024. This shows institutional investors' growing interest in real-world assets in the form of crypto tokens.
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For example, BlackRock, the world's largest investment manager, just launched a $298 million USD Institutional Digital Liquidity Fund (BUIDL) last March.
Also read: BUIDL BlackRock: Everything You Need to Know
Not only that, Dune data shows that more than $1 billion in US Treasuries had been converted into digital tokens as of March 28, and the figure continued to increase to $1.15 billion as of April 22.
Franklin Templeton's Franklin OnChain US Government Money Fund (FOBXX) is listed as the largest Treasury tokenized product with a value of over $390 million.
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The launch of the Woo
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What is WooX?
Woo X is a centralized crypto trading platform that offers best-in-class liquidity and price execution for spot and futures trading.
Woo X has an average daily trading volume exceeding $600 million and is home to hundreds of thousands of top traders worldwide. Woo X users benefit from radical transparency through a live dashboard that tracks their reserves and liabilities.
Also read: Real World Asset (RWA): A Brief History of RWA Tokenization that You Must Know!
What is a Treasury Bill (T-Bill)?
Treasury Bill (T-Bill) is a debt security issued by the United States Department of the Treasury. Of all types of debt securities issued by the US government, T-Bills have the shortest maturities, ranging from a few days to a year.
T-Bills are usually sold at a discount from the par value. When the T-Bill matures, you will be paid the face value. The difference between your purchase price and the face value represents the interest you earn.
T-Bills can be purchased in increments of $100 (in maturity value). T-Bills are similar to zero-coupon bonds in that both are issued at a discount and mature at face value, with the difference between the purchase price and face value representing the interest paid to investors.
T-Bills are issued in terms of 4, 8, 13, 17, 26, and 52 weeks. There are auctions featuring various time periods every week except the 52-week T-Bill, which is sold every four weeks.
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For example, a T-Bill with a term of 26 weeks might sell weekly for $999.86 and mature at $1,000. The discount rate is calculated at the time of auction.
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:
HomeCoin: An Innovative Real-World Asset (RWA) Based Stablecoin
Real World Asset (RWA) Tokenization and Its Impact on Digital Assets
List of the Best Real World Asset (RWA) Cryptos 2024, You Must Know!
Complete Guide on How to Tokenize Real World Assets (RWA) in 2024
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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