GSR Partners with DigiFT to Launch OTC Trading for Tokenized RWAs
GSR has partnered with DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs). The RWA sector is valued at over $13.4 billion, primarily driven by tokenized treasury funds and gold-backed cryptocurrencies.
- The service operates during Asian market hours, available seven days a week for eligible institutional investors.
- Accredited institutions can trade tokenized units of various funds including Invesco’s iSNR, UBS’s uMINT, and Wellington’s ULTRA.
- GSR will provide systematic bid-ask pricing; DigiFT will handle settlements under Singapore and Hong Kong regulations.
- The partnership aims to improve transaction efficiency by introducing real-time pricing, addressing issues with delayed net asset values in RWA markets.
- Trades will settle on-chain, utilizing smart contracts to transfer tokens and stablecoins.
- Plans to expand liquidity to additional RWA tokens are underway.
This initiative could enhance price discovery capabilities, streamline redemptions, and support the integration of RWAs into decentralized finance protocols.