Singapore-Licensed DigiFT Introduces US Treasury Bill Depository Receipt Tokens DigiFT, a Singapore-based fintech company, has made a foray into the digital asset realm with the launch of the its US Treasury bill depository receipt
(DR) tokens. The DR tokens offer investors fractional ownership in the underlying US Treasury bills, enabling investors to gain exposure to the
traditionally secure US debt market without the need for substantial upfront capital, the firm said in a Monday
press release. Traditionally, investing in
US Treasury bills has required significant financial resources.
DigiFT’s DR tokens aim to dismantle this barrier by allowing investors to purchase fractional shares of
these bills. “DigiFT’s innovative DR structure addresses a pain point in the current RWA market, empowering investors with direct ownership of underlying assets and returns,” Henry Zhang, the founder and CEO of DigiFT, said. He further emphasized
DigiFT’s commitment to expanding the range of traditional financial assets in the Web3 space through the DR model, which offers enhanced investor protection and transparency.
One key aspect emphasized by
DigiFT is compliance with regulations, providing investors with peace of mind, the company said. Traditional asset ownership often
involves navigating complex legal and regulatory frameworks.
