TechFlow reports that DigiFT, a Singapore-based decentralized digital asset exchange, has launched the DigiFT U.S. Treasury Token (DUST). As a regulatory-compliant token on the public blockchain, DUST is backed by individual U.S. Treasuries with a fixed maturity date, with underlying assets held in custody by a licensed institution in Singapore. The token offers qualified investors and institutions a way to invest in U.S. Treasuries on-chain.
DUST is linked to U.S. Treasuries maturing on December 31, 2023. Investors can subscribe using U.S. dollars (USD) or the USD Coin (USDC) stablecoin, with a minimum investment amount of $1 USD/USDC.
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