A United Kingdom-based real-world assets and debt marketplace named Tradeteq has recently launched a new product. On Tuesday, the company released a tokenized Treasury offering in the United States. The platform launched the respective offering on the L1 blockchain called XDC Network, the company revealed.
Tradeteq Launches Tokenized Treasury Offering on XDC Network Amid Industry’s Progress
The US Treasury Yield (USTY) coins denote blockchain-based shares version in the United States Treasury bond ETF. They are also accessible to investors who are on the Yieldteq platform of Tradeteq. Securitize, a platform that provides tokenization service has onboarded purchasers and it tracks share ownership. In addition to this, it also organizes dividend payouts.
The latest offering is witnessed when tokenization has secured a significant position among the hottest trends. Particularly in the case of the digital asset market, it has become very famous. Bank of America recently published a report in which it stated that the real-world assets’ tokenization is revolutionary. This takes into account the development of conventional financial assets’ tokenization as blockchain-based coins.
The organization asserted that this could transform the whole financial infrastructure. However, Bernstein predicted that this field could expand into a market of up to 5T in the coming 5 years. Considerable growth has taken place in the demand concerning tokenized Treasuries this year, as per rwa.xyz. Investment funds and crypto entities seek these products to benefit from advanced government bond rates.
XDC Network Participates in a Forceful Competition among Blockchains in the Case of Tokenized Assets
Nonetheless, yields related to the crypto lending sector have slumped amid huge deleveraging amid the bear market. Now XDC has become a part of an aggressive competition existing between the blockchain platforms concerning tokenized assets. Ethereum and Stellar stand as the top spots among the markets dealing with tokenized Treasuries.
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