DigitFT will launch a tokenized version of the 6.3 billion dollar Invesco fund
The Singapore blockchain platform DigitFT will provide a tokenized version of the $6.3 billion Invesco private credit fund. A statement from DigitFT on Wednesday said that institutional investors can use dollars or stablecoins USDC and USDT to purchase tokenized shares of the underlying assets of the Invesco fund. Henry Zhang, CEO of DigitFT, stated that this Invesco fund invests in senior secured loans of companies and has had an annual net return rate of 4.5% since its establishment in 2006.
In an interview, Henry Zhang said: "This is the first and only tokenized private credit fund offering daily liquidity. Currently, most tokenized private credit funds have quarterly or even longer redemption cycles, which makes them less attractive to investors seeking higher flexibility." Henry Zhang stated that compared with up to 5 days settlement time for underlying funds, DigitFT aims to eventually provide instant settlement for the tokenized version of the Invesco fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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