Singapore’s on-chain real-world asset (RWA) exchange DigiFT announced today the launch of new tokens based on the U.S. Treasury Bills. 

The new product adopts the structure of depository receipts, which traditionally involves a certificate reflecting shares of a company outside the local stock market. Using this structure, DigiFT said it offers users direct beneficial ownership of AA+ rated and short-term T-Bills, and will provide a legal stream of returns from underlying securities.

“Presently, the majority of RWA tokens in circulation are wrapped tokens that represent interest in a special purpose vehicle, feeder fund or derivative instrument which holds or mirrors the underlying assets,” the company said in the announcement. “These wrapped tokens are often structured in complex …