• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, June 18, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Woo X Launches Tokenized US Treasury Bills for Retail Investors

22 April 2024
in Finance, News
Reading Time: 3 mins read
107 2
Home Finance

Last updated on April 30th, 2024 at 01:51 pm

Taiwan-based centralized crypto exchange Woo X has launched its first Real World Assets (RWA) on the Woo Earn platform.

The exchange announced this on Monday, April 22, lauding itself as the first CEX to introduce a ‘top-tier investment product’ to attract significant capital from the traditional financial markets into the crypto realm.

This new product, developed in partnership with Open Trade, allows users to subscribe to USD Coin ($USDC) RWA vaults with United States Treasury Bills as the collateralized assets.

It’s time to get real.

WOO X launches Real World Assets (#RWA) on WOO Earn today, marking a significant milestone as the first CEX to offer a top-tier investment product designed to attract substantial TradFi capital into the crypto sphere.

Let’s dive in, shall we? (1/7) pic.twitter.com/m2utm6Ljhd

— WOO X (@_WOO_X) April 22, 2024

Woo X emphasized that this innovative product combines real-world assets with blockchain-based real yield, offering the convenience of a centralized exchange environment. The annual return for the vaults is based on real-time earnings from the on-chain RWA vault and will be facilitated by Open Trade and USDC.

The exchange explained that the move to introduce United States Treasury Bills on-chain has been gaining popularity recently because it offers institutional investors a minimal risk, low friction, and low conversion cost alternative to generating real yield. 

In its announcement, the exchange referenced investment asset management giant BlackRock’s recent venture into the RWA space with its new fund, $BUIDL, on the Ethereum network. The firm noted that BlackRock’s entry into the RWA niche had contributed massively to the credibility boost of the new sector.

On March 21, BlackRock announced the launch of the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund in collaboration with Securitize, marking its entry into the RWA sector. Bloomberg reported  that BUIDL has attracted more than $240 million from investors since its introduction. The fund invests in US Treasury bills, cash, and repurchase agreements while issuing BUIDL crypto tokens valued at $1 per coin to holders.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoRWAUS Treasury Bills
Share64Tweet40Share11
Previous Post

Bitcoin Layer 2 Tokens Soar 20%: STX, ELA, and SAVM Outperform Bitcoin Following Halving

Next Post

Manchester City Partners with OKX to Launch “Unseen City Shirts” NFT Collection

Precious James

Precious James

Precious James is a seasoned forex and crypto trader who loves sharing insights through engaging and accessible content. When not analyzing markets, Precious enjoys quality time with their beloved dogs. This blend of expertise and personal passion adds a unique, relatable touch to Defi Planet's content.

Related Posts

source: asiafundmanagers.com
News

JD.com to Launch HKD-Backed Stablecoin for Shopping

18 June 2025
source: ois.net
Crypto

Nasdaq-Listed Biotech Firm Eyenovia Invests $50 Million in Hyperliquid’s HYPE Token, Signals Major Crypto Push

18 June 2025
source: news.bitcoin.com
Crypto

SEC Opens Public Comments on Franklin Templeton’s Proposed XRP and Solana ETFs

18 June 2025
source: theblock.co
Crypto

Gemini Fires Back at CFTC, Accuses Agency of Misconduct and Bias in 2022 Legal Dispute

18 June 2025

Featured Posts

The Rise of AI Thieves: Can Bots Steal Your Crypto?

The Rise of AI Thieves: Can Bots Steal Your Crypto?

byOlayinka Sodiq
3 June 2025
0

Why Most DeFi Projects Fail (And What Needs to Change)

Why Most DeFi Projects Fail (And What Needs to Change)

byOlajumoke Oyaleke
15 May 2025
0

Yield-Bearing Assets in DeFi: How Do They Work and How Can You Maximize Them

Yield-Bearing Assets in DeFi: How Do They Work and How Can You Maximize Them

byFaari Labinjoand1 others
14 May 2025
0

Can DeFi Insurance Products Solve the Problem of Rug Pulls?

Can DeFi Insurance Products Solve the Problem of Rug Pulls?

byOlajumoke Oyaleke
25 April 2025
0

DeepSeek vs. ChatGPT vs Gemini vs Claude: Which AI Model Should Use For Your Crypto Tasks?

DeepSeek vs. ChatGPT vs Gemini vs Claude: Which AI Model Should Use For Your Crypto Tasks?

byOlajumoke Oyaleke
24 April 2025
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

Your Weekend Crypto Roundup | June 2025 (Week 2)

5 days ago

Your Weekend Crypto Roundup | June 2025 (Week 1)

2 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 5)

3 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 4)

4 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 3)

1 month ago

Your Weekend Crypto Roundup | May 2025 (Week 2)

1 month ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money

    bychainwire
    18 June 2025
    0

    TAC Raises $11.5M to Bring DeFi to Telegram’s Billion-User Ecosystem

    bychainwire
    18 June 2025
    0

    BTCC Exchange Celebrates 14th Anniversary with Launch of First-Ever User Badge Program

    bychainwire
    18 June 2025
    0

    R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

    bychainwire
    17 June 2025
    0

    Avail Goes Full Stack to Capture $300bn Global Blockchain Infra Market

    bychainwire
    17 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00