Digital Asset Exchange Digift has launched the tokenized private credit strategy of Investco in the referee, further expanding the cases of use of real world assets (RWA) and providing institutional investors access to credit markets in the chain.
According to a March 13 announcement, the token of the United States senior loan strategy (ISNR) is now live in Arbitrum, a popular Ethereum Layer-2 network.
The tokenized asset was launched on February 19 and is designed to trace the performance of a private credit fund administered by Investco, an investment manager who trades in the stock market with Atlanta headquarters, Georgia.
At the time of the launch, the Investco Fund had $ 6.3 billion in assets under administration, according to Bloomberg.
Digift described the Token ISNR as the “Private Credit Strategy and only tokenized.”
The ISNR tokenized fund has a minimum investment of $ 10,000. Fountain: Dentilla
Digift CEO, Henry Zhang, said adding ISNR to Aribitrum increases its usefulness by “allowing the defi, DAO applications and institutional investors to integrate with a regulated and chain private credit strategy.”
According to ISNR’s initial launch in Ethereum last month, investors in the referee can buy tokenized shares using the popular USDC (USDC) and USDT (USDT).
Related: Cantor Fitzgerald Taps Anchorage Digital, Copper as Bitcoin custodians
Defi tokenization increasing
Despite the recent descending trend of the cryptocurrency market, RWA token seem to be heating with the launch of several products oriented to Defi. Positive regulatory developments, the increase in liquid economies of multichain and innovations in decentralized exchanges are expected to push RWA’s token to the cryptographic care center this year.
Earlier this week, the Securitize Tokenization Company announced that the Oracle Redstone provider will deliver price food for its tokenized products, which include the Blackrock USD Institutional Liquidity Fund (BUIDL) and the Apollo Diversified Credit Security Fund (Accred).
Integration means that Securitize funds “can now be used in protocols Defi such as Morpho, Comprendund or Spark,” he told Cointelegraph, the director of Operations of Redstone, Marcin Kazmierczak.
Meanwhile, asset manager Franklin Templeton has launched a tokenized money background at the base of the Coinbase Layer-2 network and a US government money fund. UU. In Solana.
Private credit ($ 12.2 billion) and the United States Treasury debt ($ 4.2 billion) have dominated the token of real world assets so far. Fountain: Rwa.xyz
According to industry data, the total value of RWAS Ochain has grown by 17.5% in the last 30 days to reach $ 18.1 billion. Private credit and treasure debt of the United States represent almost 91% of that total.
Related: Trump era policies can boost real world assets.
