Archblock Launches Tokenized US Treasury Bills Fund On Marketplace For Global Investors
Portfolio Pulse from Murtuza Merchant
Decentralized marketplace Archblock has launched a tokenized U.S. Treasury Bills fund on its platform. The fund, managed by Adapt3r Digital LLC, aims to provide global USDC holders and on-chain investors with liquidity and access to short-term U.S. Treasury Bill yields. Archblock's CIO, Bill Wolf, highlighted the advantages of blockchain in asset management and emphasized the company's mission to simplify asset management.
August 15, 2023 | 2:39 pm
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The launch of a tokenized U.S. Treasury Bills fund on Archblock's platform could potentially increase the demand for USDC among global investors, potentially impacting its price.
The tokenized U.S. Treasury Bills fund is targeted at global USDC holders and on-chain investors. This could increase the demand for USDC as investors may need to purchase USDC to participate in the fund. Increased demand could potentially lead to an increase in the price of USDC.
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