The tokenized Treasuries market has grown sixfold this year to $668 million, according to one data provider.
OpenTrade’s tokenized Treasuries pool was developed using Circle’s Perimeter Protocol, an open-source codebase for on-chain credit facilitation, and is powered by theFollowing the U.S. Treasury pool, OpenTrade has plans to introduce a variety of on-chain yield products including investment-grade commercial paper and supply chain financing, founders Dave Sutter and Jeff Handler told CoinDesk in an interview earlier this week.
The opportunity for trade financing using blockchain rails is particularly attractive, they explained, as there’s a $2.5 trillion unmet financing demand from market participants, accordingin venture capital funding earlier this year from Sino Global Capital, Circle Ventures, Kronos Research, Kyber Ventures, Outlier Ventures and Polygon Ventures.
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