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…

Read more on Blockworks

83.8K Reads