DigiFT Introduces RWA Depository Receipt Tokens for Enhanced Investor Safety

• DigiFT proclaims U.S. Treasury Invoice depository receipt tokens, providing direct useful possession of the underlying U.S. Treasury Invoice
• DigiFT states that the circulating tokens have intricate authorized constructions, posing challenges for traders to know their authorized implications.
• DigiFT’s CEO highlights how this addresses a key problem within the RWA market.

Based on a DigiFT report, DigiFT, the inaugural licensed change facilitating on-chain transactions of real-world property, has introduced U.S. Treasury Invoice depository receipt tokens, which supply direct useful possession of the underlying U.S. Treasury Invoice.

DigiFT has developed a token issuance mannequin deploying the depository receipt (DR) construction on-chain, addressing a “problem” in real-world asset (RWA) tokenization. DigiFT ensures tokens symbolize token holders’ direct useful curiosity within the underlying asset whereas enabling seamless settlement on-chain.

Based on the DigiFT assertion, the tokens at present in circulation are “wrapped” in complicated authorized constructions, making it onerous for traders to know the authorized implications. The tokens which are to be issued reportedly present an answer to this drawback as they’ll present a extra plain-sailing authorized framework. 

Henry Zhang, DigiFT’s founder, and CEO, acknowledged, “DigiFT’s revolutionary DR construction addresses a ache level within the present RWA market, empowering traders with direct possession of underlying property and returns.” The CEO reiterated that DigiFT stays dedicated to increasing the universe of conventional monetary property within the Web3 area via the DR mannequin.

The report talked about that the DigiFT U.S. Treasury Tokens (DRUST) can be the inaugural providing in a sequence beneath the DR construction, offering direct backing from AA+rated, extremely liquid U.S. Treasury payments. Furthermore, the report recommended that tokens can be splendid for stablecoin issuers and Web3 product builders/managers searching for regulatory-compliant treasury and money administration options. 
DigiFT introduced in December that it had been awarded the coveted Capital Markets Companies (CMS) license and acknowledged as a Acknowledged Market Operator (RMO) by the Financial Authority of Singapore (MAS).