Arca files for a tokenized treasury bond product

Arca, the digital asset-focused investment management firm, is seeking SEC approval for a tokenized treasury bond product, according to a recent filing.

Named Arca UST Coins, the product will represent a share of the Arca U.S. Treasury Fund which will pay its holders a quarterly dividend derived from interest payments of fixed income instrument investments. According to the filing, Arca U.S. Treasury Fund's portfolio will consist of at least 80% U.S. Treasury securities including bills, bonds, and notes. The remaining portfolio will be made up of other fixed income instruments like bonds, debt securities issued by U.S. and non-U.S. public or private entities.

Original source
https://www.theblockcrypto.com/tiny/arca-files-for-a-tokenized-treasury-bond-product/?utm_source=rss&utm_medium=rss&utm_campaign=default

Add comment

Please Sign in to be able to leave comments.