DigiFT Issues First Perpetual Bond Support Token (PBRT01): A Step Towards Decentralized Digital Asset Trading

03/17/2023 09:54 • Blockchain Briefs • 100 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:

DigiFT, a decentralized digital asset exchange, has announced the issuance of its first perpetual bond support token (PBRT01) on March 17th. The product, issued by Red Cedar Digital Pte Ltd (a subsidiary of Digital FT), aims to revolutionize trading in fixed income products by providing qualified investors with a platform to subscribe using US dollars or USDC. Notably, the token provides Web3 investors with a hassle-free opportunity to invest in fixed income products without the requirement of a bank account.

PBRT01’s underlying assets are 8% perpetual bonds of Barclays Bank, held in trust by Citibank, which allows investors to invest and earn interest throughout their indefinite maturity. This investment vehicle also comes equipped with an array of liquidity options, including AMM, OTC, and P2P trading methods, making it one of the most liquid and flexible fixed income products in the market. Additionally, investors can redeem the assets off the chain through issuers.

Issuing PBRT01 represents a significant milestone in the decentralized digital asset trading sector, with the possibility of opening up new investment horizons for those who previously lacked access to certain classes of assets. DigiFT is establishing a new standard in the crypto world, building a bridge between conventional fixed income investment and the blockchain industry, with the key focus on safety and transparency.

The decentralized digital asset trade has come a long way in a relatively short span of time. In particular, the use of blockchain technology has led to an increase in security and liquidity in the market. DigiFT’s PBRT01 represents a crucial step towards the decentralization of the fixed income market, which has the potential to unlock new economic possibilities for investors.

In conclusion, PBRT01 represents a bold new opportunity for qualified investors, by providing them with a potential window into the world of fixed income trading. With its underlying asset being the perpetual bond of Barclays held in trust, it offers investors a desirable level of safety and security, combined with a flexible range of liquidity options. The issuance of PBRT01 points towards the growing maturity of the decentralized digital asset market and the opportunities it can create.

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