RWA craze! FalconX launches tokenized U.S. Treasury bond fund trading USTB

In this bull market, real world assets (RWA) have become one of the tracks with the most development potential, and even Wall Street asset management giant BlackRock is also In March this year, it entered the financial asset tokenization market by launching the tokenization fund BUIDL.

FalconX launches tokenized U.S. Treasury bond fund trading USTB

Yesterday (17), according to "The Block" report, the U.S. cryptocurrency bulk trading broker FalconX announced that with the investment Investors are increasingly interested in U.S. Treasury bonds. They have launched tokenized U.S. Treasury bond fund transactions and completed the first transaction of $USTB, a token backed by U.S. short-term Treasury bonds, on June 11.

USTB sustainably earns interest

"The Block" continued to point out that the launch of USTB coincided with the U.S. Federal Reserve (Fed) maintaining high interest rate monetary policy for a long time. Treasury bonds continue to provide yields exceeding 5%.

Therefore, traders who wish to avoid market risk can now invest in this U.S. Treasury-backed token as an alternative to stablecoin investments, as investing in USTB not only provides potential returns from the trade itself, but also Earn interest based on the U.S. debt behind UTB.

In this regard, FalconX also expressed its optimism about the future of the RWA track in its official website announcement: In fact, RWA is at the forefront of changing traditional financial markets (stocks, bonds...) through blockchain technology, and they provide Digital form of real-world assets, making transactions simpler and more efficient. With the valuation of outstanding stablecoins already reaching tens of billions of dollars, many market participants expect RWA to revolutionize financial markets and open up opportunities worth trillions of dollars.

What is FalconX?

FalconX is an operating platform that supports global cryptocurrency trading. It mainly serves institutional customers and provides a platform that integrates trading, credit and clearing, allowing it to seamlessly connect to the encryption market. Currently, FalconX has offices in Silicon Valley, New York, London, Hong Kong and other places.

As early as May 2020, FalconX received US$17 million worth of investment from Accel, Accomplice VC, Coinbase Ventures and other institutions. In December of the same year, it obtained American Express, a large multinational financial services provider. Express) investment.

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