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DigiFT Introduces PBRT01, the First Perpetual Bond Support Token for Decentralized Trading

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DigiFT Introduces PBRT01, the First Perpetual Bond Support Token for Decentralized Trading

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

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DigiFT, a decentralized digital asset exchange, has recently introduced its first perpetual bond support token (PBRT01) on March 17th. This announcement follows the official start of AMM trading of PBRT01 on March 16th after the subscription period. PBRT01 is issued by Red Cedar Digital Pte Ltd, a subsidiary of Digital FT, with the underlying assets being 8% perpetual bonds of Barclays Bank held in trust by Citibank. This new token aims to provide qualified investors with the chance to invest in fixed income products without requiring a bank account and also facilitate trading through Web3 investors.

PBRT01 presents an opportunity for individuals to participate in the fixed income market that was once only available to institutional investors. Investors can easily subscribe using either US dollars or the popular stablecoin, USDC, further broadening the accessibility of financial instruments. Additionally, investors can trade assets through AMM, OTC, and P2P trading methods on the chain or redeem them by issuing the assets off the chain.

DigiFT’s introduction of PBRT01 is a significant step towards creating a more inclusive and accessible financial system. As the world becomes more interlinked, individuals and small investors need the same opportunities as corporations and institutional investors to invest in traditional financial instruments. PBRT01 allows anyone to easily participate in the fixed income market without requiring an extensive financial background, thereby increasing blockchain technology’s adoption.

Overall, DigiFT’s PBRT01 provides web3 investors with an investor-friendly approach to fixed income products, encouraging broader access and further facilitating the mainstream adoption of cryptocurrencies. As a novel financial product, PBRT01 marks a major milestone toward the development of a more inclusive and decentralized financial system.

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