Woo X introduces RWA Earn Vaults, allowing retail customers to access tokenized U.S. Treasury bills. Developed in partnership with London-based Opentrade, this solution provides interest-bearing accounts backed by U.S. Treasuries.
In a significant move, the Woo X cryptocurrency exchange has introduced tokenized United States Treasury Bills (T-Bills), marking a milestone in the crypto space. This initiative includes the unveiling of real-world asset (RWA) tokenization vaults known as RWA Earn Vaults, allowing users to earn yield using Circle’s USD Coin (USDC).
Partnering with London-based tokenization platform OpenTrade, Woo X aims to give users a unique opportunity to earn yield while holding USDC. The introduction of RWAs comes as they ranked as the second most profitable narrative in the crypto space during Q1 2024.
The institutional interest in the RWA sector is further underscored by BlackRock’s recent launch of the USD Institutional Digital Liquidity Fund. This signals a growing recognition of the potential within the RWA market.
Moreover, data from Dune reveals a substantial increase in the tokenization of U.S. Treasurys, with over $1 billion tokenized through 17 products by March 28, surging to $1.15 billion by April 22. This trend reflects the growing demand for tokenized assets in the crypto market.
Abu Dhabi, UAE, 19th December 2024, ZEX PR WIRE, The WorldShards team is super excited…
One of Germany’s largest banks Deutsche Bank AG is developing an Ethereum Layer 2 (L2)…
As user activity on its blockchain and DeFi engagement drop, the Cardano price is under…
The price of XRP has moved up more than 150% over the last 30-day period…
Jamie Coutts, chief crypto analyst at Real Vision, revealed that Coinbase’s 12-month revenue has reached…
Phuket, Thailand — From November 30 to December 1, 2024, the first investment forum titled…