Friday, November 22, 2024 – Neovision Wealth Management, an Abu Dhabi-based firm, has launched a tokenized US Treasury fund partnering with Realize platform, Reuters recently reported.
At its core, the Realize T-BILLS Fund will purchase the units of exchange-traded funds (ETFs) in short-term maturity US Treasury bills, which will be converted into digital tokens available for on-chain trading and transferring services.
Realize T-BILLS Fund is the premier T-Bills Fund tokenized in Abu Dhabi Global Market (ADGM), ensuring the reliability of digital tokens by the US government debt.
Neither management fee nor performance fee will be added to the fund, which would offer low operational costs.
Aligning with this direct tokenization model, the easily accessible structure, real-time settlement, and fortified investor operation would be featured in major.
The tokenization of the T-BILLS Fund will be executed by the Realize platform, which will be managed by Neovision, and $RBILL tokens will be issued.
Initially, the $RBILL tokens will be onboarded on the IOTA and ETH blockchain networks.
Realize, the ADGM domiciled tokenized investment fund would direct Abu Dhabi to a global hub for RWA tokenization with this new leap.
It is expected to raise it to a $200 million fund, Dominik Schiener, co-founder of technology company Realize, said. 1
The tokenization of the Treasury bills has been in greater demand, in recent times securing a market cap of $2.4 billion on blockchain.
- Reuters.com: https://www.reuters.com/technology/abu-dhabi-firm-launch-tokenized-us-treasuries-fund-2024-10-31/[↩]
