Libeara and FundBridge Capital have introduced a tokenized United States Treasury bill (T-Bill) fund on the Avalanche (AVAX) network. The Delta Wellington Management Short Treasury On-Chain Fund, as mentioned on the X platform on Nov. 12, aims to offer a transparent and efficient way to access US Treasuries on-chain. This fund allows for subscriptions, transfers, and redemptions of tokenized US Treasuries. FundBridge, leveraging blockchain technology, aims to enhance access and operational efficiencies. Tokenized real-world assets (RWAs) like T-Bills are gaining popularity, with approximately $2.3 billion in total value locked as of Nov. 12. Tokenized RWAs, including T-Bills and artworks, present a significant $30-trillion market opportunity globally. Avalanche has become a preferred platform for securities tokenization, with the fund holding a crypto index portfolio that includes Bitcoin, ETH, Solana, Avalanche, and XRP. Read more AI-generated news on: https://app.chaingpt.org/news

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