Securitize tokenizes U.S. Treasury Bond yield fund for accredited investors

Quick Take

  • The finance asset marketplace Tradeteq is launching a U.S. Treasury Bond token on the XDC network. 
  • The San Francisco-based firm Securitize tokenized the shares of the new fund.  

Tradeteq, a financial asset marketplace and securitization-as-a-service provider based in London, has launched an exchange-traded U.S. Treasury Yield (USTY) fund as a digital asset. 

The San Francisco-based firm Securitize, which tokenizes real world assets, has tokenized the shares of USTY on the Layer 1 blockchain XDC Network.

The USTY token gives investors access to a yield from a U.S. Treasury ETF in addition to exposure to U.S. Treasury securities, according to a company statement. Accredited investors can obtain the USTY token starting Tuesday. 

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“USTY combines the flexibility and accessibility of cryptocurrencies with the stability of a U.S. Treasury ETF, creating an efficient and seamless investment experience,” said Nils Behling, chief operating officer of Tradeteq, in a statement.

The move also marks the first time Securitize has used the XDC network to tokenize digital asset securities.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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