Duo dream big with Abu Dhabi's first tokenised treasuries fund

October 31, 2024--Fund launched on ADGM
Blockchain-based token
Targeting crypto users
The first tokenised treasury bill fund licensed in the Abu Dhabi Global Market launched on Thursday, with its creators hoping to attract $100 million from investors within a year.

Such funds buy United States treasuries, which are US government bonds, and then create a blockchain-based token to represent these assets, thereby enabling digital, fractional ownership that may prove more liquid and accessible.

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Source: agbi.com