DigiFT issues perpetual bonds to support tokens and supports the use of USDC and US dollars to subscribe for real world assets

On March 17th, DigiFT, the decentralized digital asset exchange, has issued its first perpetual bond support token (PBRT01). After the subscription period, DigiFT has officially started AMM trading of PBRT01 on March 16th. PERT01 is issued by Red Cedar Digital Pte Ltd (a subsidiary of Digital FT), and the underlying assets are 8% perpetual bonds of Barclays Bank, which are held in trust by Citibank. PBRT01 can support qualified investors to subscribe using US dollars or USDC, and Web3 investors can invest in fixed income products without requiring a bank account. Investors can exchange assets on the chain through AMM, OTC, and P2P trading methods or redeem assets off the chain through issuers.

Interpretation of this information:

On March 17th, DigiFT, a decentralized digital asset exchange, announced the issuance of its first perpetual bond support token (PBRT01). The subscription period has ended, and AMM trading of PBRT01 officially started on March 16th. PBRT01 is backed by 8% perpetual bonds of Barclays Bank, held in trust by Citibank, and issued by Red Cedar Digital Pte Ltd (a subsidiary of Digital FT).

PBRT01 allows qualified investors to subscribe using US dollars or USDC, and Web3 investors can invest in fixed income products without requiring a bank account. The token can be exchanged on the chain through AMM, OTC, and P2P trading methods. Assets can also be redeemed off the chain through issuers.

DigiFT’s issuance of PBRT01 marks an important introduction of a new type of bond-backed token on its platform. The token provides investors with access to fixed income products without requiring a bank account. This feature is particularly beneficial for Web3 investors, who often experience constraints when it comes to investing in traditional financial products.

The underlying assets of PBRT01 are perpetual bonds of Barclays Bank, which provide high yield and are held in trust by Citibank. The token’s launch suggests that DigiFT is committed to providing its users with diversified investment options with high returns.

This news highlights the growing interest in decentralized finance and the potential of blockchain technology to disrupt the traditional financial system. Decentralized exchanges like DigiFT are leveraging blockchain technology to provide investors with access to new types of financial products, increasing the inclusivity and accessibility of the financial market.