Tradeteq, a UK-based private debt and real-world asset marketplace, recently launched tokenized US Treasury offerings on the XDC Network. The recent move showcased the growing trend of tokenization, which has found increasing popularity as a new way to represent the ownership rights of real-world assets as digital tokens on a blockchain.
Tradeteq Offers Tokenized US Treasuries on Blockchain
Tradeteq has revealed US Treasury Yield (USTY) tokens, which represent blockchain-based versions of shares in a US Treasury bond exchange-traded fund (ETF). These tokens are now available for professional investors on Tradeteq’s Yieldteq platform.
The company has tapped Securitize, a renowned tokenization service provider, to handle buyer onboarding, share ownership tracking, and dividend payouts. Securitize, with approximately 3,000 clients and a combined 1.2 million investors, is regulated by the Securities and Exchange Commission and FINRA.
Tradeteq’s launch of new tokenized US Treasury offerings comes with increasing interest in tokenizing real-world assets (RWAs). Banks and…