OpenTrade Launches On-Chain Treasuries, Su Zhu Apprehended in Singapore

Name: FS Insight
Price range: $$$

Sep 29, 2023

Author

Tom Couture ^AC

ARB -5.94% BTC -3.28% ETH 2.72% GMX 4.25%

Market Update Equity indices are relatively flat in the last trading session of the third quarter, with the QQQ (+0.04%) faring slightly better than the SPY (-0.11%). U.S. Treasury yields are retreating after August PCE data showed softer than expected readings for MoM headline and core PCE. $ETH (+1.07%) is leading crypto markets, trading at $1,670, as the first Ether Futures ETFs are set to begin trading early next week, while $BTC (-0.67%) is lagging, trading just below $27k. The Arbitrum ecosystem has seen increased interest this week as the Arbitrum DAO approved a 50m $ARB budget for its short-term incentive program. Arbitrum altcoins such as $GMX and $GRAIL have risen 13.44% and 34.94% this week in anticipation of potential grant approvals. OpenTrade, a blockchain-based structured products platform, has launched a tokenized U.S. Treasury pool. The pool will be accessible to accredited investors, institutions, funds, and DAOs. OpenTrade is working with Enigma Securities, WOO X, Resonate, Sino Global Capital, and Kyber Network as its distribution partners, direct lenders, and liquidity providers. The treasury pool was developed by leveraging Circle’s Perimeter Protocol, an open-source codebase for on-chain lending products. The tokenization of real-world assets (RWA) is

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