Regulated tokenized US Treasurys are coming on-chain, just not in the US

Digital asset liquidity provider Enigma Securities has partnered with Circle-backed tech company OpenTrade to bring US Treasury bill-backed yield products on-chain.

This product will be available to Enigma’s institutional clients through their existing OTC (over-the-counter) trading desk set-up. 

According to Jeff Handler, the chief commercial officer and co-founder of OpenTrade, the estimated annualized yield for these real-world asset (RWA) backed products will be between 4.5% to 5%.

“This allows Enigma’s clients to unlock this stable, predictable yield on otherwise idle USDC balances without any additional onboarding requirements, and using the exact same methods they use to…

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