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, the first licensed exchange for on-chain real-world assets, announced the launch of the first-ever U.S. Treasury Bill depository receipt tokens that represent direct beneficial ownership in the underlying U.S. Treasury Bill.
By deploying the DR structure on-chain, DigiFT is proud to have pioneered a token issuance model that addresses a critical market challenge with Real World Asset tokenization: the absence of a robust legal framework that enables “tokens” to accurately and, importantly legally, represent the direct beneficial interest of token holders in the underlying asset while facilitating settlement on-chain.
As the first RWA exchange on the public blockchain to be licensed by a Tier-1 financial regulator, DigiFT combines deep financial and deep technological expertise to offer regulated financial solutions on-chain. The DigiFT U.S. Treasury Tokens is the first offering of a series, under the DR structure. Each DRUST is directly backed by AA+ rated, highly liquid and short-term U.S.
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