Tradeteq, a financial asset marketplace and securitization-as-a-service provider based in London, has launched an exchange-traded U.S. Treasury Yield (USTY) fund as a digital asset.
The San Francisco-based firm Securitize, which tokenizes real world assets, has tokenized the shares of USTY on the Layer 1 blockchain XDC Network.
The USTY token gives investors access to a yield from a U.S. Treasury ETF in addition to exposure to U.S. Treasury securities, according to a company statement. Accredited investors can obtain the USTY token starting Tuesday.
“USTY combines the flexibility and accessibility of cryptocurrencies with the stability of a U.S. Treasury ETF, creating an efficient and seamless investment experience,” said Nils Behling, chief operating officer of Tradeteq, in a statement.
The move also marks the first time Securitize has used the XDC network to tokenize digital asset securities.source:theblock
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