{"id":76838,"date":"2024-04-22T11:00:05","date_gmt":"2024-04-22T15:00:05","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=76838"},"modified":"2024-04-22T11:00:10","modified_gmt":"2024-04-22T15:00:10","slug":"woo-x-exchange-launches-tokenized-t-bills-for-retail-investors","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/woo-x-exchange-launches-tokenized-t-bills-for-retail-investors\/","title":{"rendered":"Woo X Exchange Launches Tokenized T-bills for Retail Investors"},"content":{"rendered":"\n

Woo X cryptocurrency exchange has introduced the world's first tokenized United States Treasury Bills<\/a> (T-Bills) to retail investors.<\/p>\n\n\n\n

\"Woo
Woo X Exchange Launches Tokenized T-bills for Retail Investors<\/figcaption><\/figure>\n\n\n\n

A post on X dated April 22 states that Woo X has introduced RWA Earn Vaults, real-world\u2013assets (RWA) tokenization vaults that allow users to earn interest by holding Circle's USD Coin.<\/p>\n\n\n\n

\n

\u201cWith the RWA Earn Vaults, all @WOO_X users can now earn stable, predictable yield on their USDC holdings backed by U.S. Treasury Bills without having to jump through any extra hoops.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Supported exclusively by U.S. T-bills, RWA Earn Vaults provide USDC holders with an annual percentage rate (APR) ranging from 4.5 to 4.7%. As stated in the announcement:<\/p>\n\n\n\n

\n

\u201cUser subscriptions accumulate real yields, fully backed by U.S. Treasury Bills, with current APRs for 7-day and 28-day terms at ~4.5% and ~4.75% respectively.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

The partnership between Circle-backed OpenTrade, a London-based tokenization platform, and the yield-generating product resulted in its launch.<\/p>\n\n\n\n

Circle is the issuer of USDC, the second-largest stablecoin in the world, according to CoinMarketCap data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. USDC has a market capitalization of $34 billion, trailing only Tether's market capitalization of over $109 billion.<\/p>\n\n\n\n

RWAs Ranks as second most lucrative crypto narrative in Q1 2024<\/h2>\n\n\n\n


CoinGecko recently reported that in the first quarter of 2024, RWAs ranked as the second most lucrative narrative in cryptocurrency. Analyst at CoinGecko Lim Yu Qian stated:<\/p>\n\n\n\n

\n

\u201cThe memecoin narrative was 4.6 times more profitable than the next best-performing crypto narrative of tokenized real-world assets (RWA) and 33.3 times more profitable than the layer 2 narratives with the lowest returns in Q1 this year.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

According to Etherscan, the USD Institutional Digital Liquidity Fund “BUIDL,” introduced by the largest asset manager in the world<\/a> on March 20, demonstrates the increasing attention from institutions towards the RWA sector. The fund's current market capitalization exceeds $298 million.<\/p>\n\n\n\n

Dune data indicates that as of March 28, 17, tokenization products had tokenized more than $1 billion value of U.S. Treasury securities; by April 22, that figure had increased to $1.15 billion.<\/p>\n\n\n\n

\"Tokenized
Tokenized government securities. Source:\u00a0Dune<\/em><\/figcaption><\/figure>\n\n\n\n

Dune reports that, as of the time of writing, Franklin Templeton's Franklin OnChain U.S. Government Money Fund (FOBXX) continues to be the most substantial treasury tokenization fund, with a value exceeding $390 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Woo X cryptocurrency exchange has introduced the world’s first tokenized United States Treasury Bills (T-Bills) to retail investors. A post on X dated April 22 states that Woo X has introduced RWA Earn Vaults, real-world\u2013assets (RWA) tokenization vaults that allow users to earn interest by holding Circle’s USD Coin. \u201cWith the RWA Earn Vaults, all […]<\/p>\n","protected":false},"author":12,"featured_media":76858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[7201,16349,19237,17552],"class_list":["post-76838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-retail-investors-2","tag-rwa","tag-treasury-bills","tag-woo-x"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/image-136.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/76838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=76838"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/76838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/76858"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=76838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=76838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=76838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}