DigiFT Issues First Perpetual Bond Support Token; Redefines Digital Asset Trading

03/17/2023 09:54 • AI & Tech Insights • 70 views

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.

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

Analysis based on this information:

The Singapore-based cryptocurrency exchange, DigiFT, has announced the issuance of its first perpetual bond support token (PBRT01) on March 17th. PBRT01 is a token-based on 8% perpetual bonds of Barclays Bank, held in trust by Citibank, which can be subscribed by qualified investors using either US dollars or USDC. The token is issued by Red Cedar Digital, a subsidiary of Digital FT, and offers a unique investment opportunity for investors worldwide. The underlying asset offers fixed income products to investors, enabling them to invest in perpetual bonds, a popular long-term investment option, without requiring bank accounts.

DigiFT has already started AMM trading of PBRT01 on March 16th, offering investors an opportunity to exchange assets on-chain through AMM, OTC, and peer-to-peer trading methods. This move redefines the concept of digital asset trading, hitherto limited to cryptocurrencies, providing investors with conventional, fixed-income investments options. The token’s eligibility criteria ensure that it can only be purchased by qualified investors, thereby reducing risk and increasing transparency.

PBRT01 is a breakthrough in the digital asset world, offering investors an innovative, secure platform to expand their investment portfolios through fixed-income assets. PBRT01 proves that cryptocurrency exchanges can offer safe, high-yielding financial products, previously limited to established financial institutions. PBRT01 allows investors holding cryptocurrencies to diversify their portfolios, thereby reducing their exposure to volatile cryptocurrencies.

The issuance of PBRT01 by DigiFT also highlights the potential for cryptocurrency-based digital asset exchanges to expand their operations and offer innovative and unique financial products. Red Cedar Digital, an arm of DigiFT, also highlights the importance of developing cross-industry partnerships to offer diversified financial products.

In conclusion, the issuance of PBRT01 by Digital FT heralds a new era in digital asset trading, and investors worldwide can now invest in fixed-income products using virtual currencies. This cryptocurrency-based platform offers a unique opportunity to invest in conventional assets without requiring bank accounts. PBRT01 provides investors with a safe and secure investment option, minimizing risks and transparency concerns.

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