In a world where digital assets dance like shadows in the twilight, the exchange known as DigiFT has unveiled a curious creation: Invesco’s tokenized private credit strategy, now residing on the Arbitrum network. This venture, a bold step into the realm of real-world assets (RWA), offers institutional investors a ticket to the onchain credit markets, where fortunes are made and lost with a mere click. 💸
On this fateful day, March 13, the announcement echoed through the digital corridors, proclaiming the birth of Invesco’s US Senior Loan Strategy (iSNR) token, now alive and kicking on Arbitrum, that bustling Ethereum layer-2 network. One can only wonder if the token has a personality of its own! 🤔
Launched on February 19, this tokenized asset is not just a pretty face; it is designed to mirror the performance of a private credit fund managed by Invesco, a publicly traded investment manager hailing from the sunny climes of Atlanta, Georgia. At its inception, the Invesco fund boasted a staggering $6.3 billion in assets under management, a figure that would make even the most stoic investor raise an eyebrow. 📈
DigiFT, in its infinite wisdom, has dubbed the iSNR token as the “first and only tokenized private credit strategy.” A title that surely comes with a crown and a scepter! 👑
Henry Zhang, the CEO of DigiFT, proclaimed that the addition of iSNR to Arbitrum enhances its utility, allowing DeFi applications, DAOs, and institutional investors to integrate with a regulated, onchain private credit strategy. One can only hope that this integration doesn’t require a PhD in cryptography! 🤓
In a move consistent with its initial launch on Ethereum, investors on Arbitrum can now purchase tokenized shares using the ever-popular stablecoins USDC and USDt. Because who doesn’t love a good stablecoin? 💰
DeFi Tokenization: The New Gold Rush
Despite the crypto market’s recent descent into the depths of despair, RWA tokenization seems to be heating up, much like a pot of water on a forgotten stove. With several DeFi-oriented products emerging, positive regulatory developments, and the rise of liquid multichain economies, RWA tokenization is poised to take center stage this year. 🎭
Earlier this week, the tokenization company Securitize announced a partnership with oracle provider RedStone, which will deliver price feeds for its tokenized products, including the illustrious BlackRock USD Institutional Liquidity Fund and the Apollo Diversified Credit Securitize Fund. A mouthful, isn’t it? 😅
This integration means that Securitize’s funds can now be utilized across DeFi protocols such as Morpho, Compound, or Spark. RedStone’s chief operating officer, Marcin Kazmierczak, shared this revelation with CryptoMoon, leaving us all wondering what’s next in this digital saga. 🌌
Meanwhile, asset manager Franklin Templeton has ventured forth, launching a tokenized money fund on the Coinbase layer-2 network Base and a US government money fund on Solana. The digital frontier is indeed expanding! 🚀
According to industry data, the total value of RWAs onchain has surged by 17.5% over the past 30 days, reaching a staggering $18.1 billion. Private credit and US Treasury debt account for nearly 91% of that total. A statistic that could make even the most seasoned economist chuckle nervously! 😂
Read More
- Invincible Season 4: What We Know About Release Date and Plot Speculation!
- ONT PREDICTION. ONT cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- NYM PREDICTION. NYM cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- DGB PREDICTION. DGB cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
2025-03-13 22:59