DLTPAY, a Web3 payment app backed by Techstars Berlin has on Wednesday announced the planned launch of a tokenized RWA solution in partnership with OpenEden, a Singapore-based firm that enables users to earn an interest (currently about 5%) on their USDC holdings, based on the yield from the underlying T-bills.
This announcement comes at a time when major financial institutions like JPMorgan have recognized the potential of tokenization in TradFi instruments such as bonds and shares, calling it a "trillion-dollar opportunity”. Furthermore, Amundi, a French asset management company with €2 trillion under management, is exploring the tokenization of money market funds, signaling a significant shift in the landscape of financial investments.
With a mission to transition real-world assets onto the blockchain, OpenEden has already made significant strides by launching the first on-chain vault to offer exposure to U.S. Treasury Bills via its TBILL token. Tokenization not only promises enhanced yields for investors but also ensures 24/7 accessibility, marking a milestone in the merger of conventional financial instruments with decentralized technologies.
Kenneth Kumor, Co-Founder and CEO of DLTPAY., said:
“The adoption of tokenized U.S. Treasury bills and money market funds within the DeFi ecosystem is a clear indicator of its maturing landscape, bringing more sophisticated and secure investment options to the table.”
By leveraging tokenized U.S. Treasury bills, users of the DLTPAY platform will be able to enjoy sustainable yields on their USDC holdings, a feature that was previously inaccessible to many. Looking ahead, the potential introduction of tokenized money market fund shares will further expand the opportunities for investors, offering a diversified and secure means of enhancing their digital asset portfolios.
Furthermore, DLTPAY is set to introduce a rewards program that enables access to enhanced yields for users who stake the platform’s native DLTP token. Set to debut in the coming months, it's designed to not only reward early adopters but also to add an interactive dimension to investing through gamification and behavioral nudges.
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