Abu Dhabi firms to launch tokenized US Treasuries fund

Quick Summary:

NEW YORK :Abu Dhabi firms Realize and Neovision Wealth Management have launched an investment vehicle that will buy units of exchange traded funds (ETFs) focused on U.S.

Treasury bills and convert these assets into digital tokens that can be held, traded and transferred on a blockchain.

He noted buying cash Treasuries in the market would involve continuous transaction costs because they will have to be bought again and again.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Realize Blockchain Bills Units Blackrock Treasury Fund Assets Digital Market Neovision

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:20:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23354233

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 60 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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