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OpenTrade now offers access to Tokenized U.S. Treasuries for eligible entities



Tokenization of real-world assets has become one of the hottest trends in web3. As the interest grows, OpenTrade has joined the race. OpenTrade, a blockchain-based lending and yield platform has announced issuing a tokenized U.S Treasury bill pool.  

Following the launch, “individual accredited investors, regulated institutions, companies, funds, and decentralized autonomous organizations,” will be eligible to participate in the offering.

Interestingly, the OpenTrade pool can be integrated by third-party distributors for their own white-labeled yield offering.

U.S. Treasuries are often considered for tokenization given they offer high yield and low risk. According to reports, “the tokenized treasuries market has grown sixfold this year to $668 million.”

OpenTrade’s tokenized Treasuries pool was developed using Circle’s Perimeter Protocol, while Five Sigma provides support for off-chain operations. The Perimeter Protocol is an open-source codebase powered by Circle’s USDC.

Aside from the U.S. Treasury pool, OpenTrade is looking to bring on board products like investment-grade commercial paper and supply chain financing. OpenTrade founders disclosed this in an interview prior to the launch.

Initial distribution partners, direct lenders, and liquidity providers of the offering include Enigma Securities, WOO X, Resonate, Kyber Network, and Sino Global Capital. Sino Global Capital also participated in OpenTrade’s earlier fundraising. The platform raised $1.5 million in venture capital funding conducted earlier this year.

Tokenization of real-world assets involves deploying traditional financial instruments such as government bonds, private equity, or credit to the blockchain. Conventional centralized entities like banks are also exploring ways to leverage blockchain technology.

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