13
Mar, 2025
DigiFT launches Invesco private credit token on Arbitrum
Altcoin News, Bitcoin News, Crypto Analytics, Crypto Industries & Currency Updates
Digital asset exchange DigiFT has launched Invesco’s tokenized private credit strategy on Arbitrum, further expanding the use cases of real-world assets (RWA) and giving institutional investors access to onchain credit markets.
According to a March 13 announcement, Invesco’s US Senior Loan Strategy (iSNR) token is now live on Arbitrum, a popular Ethereum layer-2 network.
The tokenized asset was launched on Feb. 19 and is designed to track the performance of a private credit fund managed by Invesco, a publicly traded investment manager headquartered in Atlanta, Georgia.
At the time of launch, the Invesco fund had $6.3 billion in assets under management, according to Bloomberg.
DigiFT described the iSNR token as the “first and only tokenized private credit strategy.”
The iSNR tokenized fund has a minimum investment of $10,000. Source: DigiFT
DigiFT CEO Henry Zhang said adding iSNR to Aribitrum increases its utility by “allowing DeFi applications, DAOs and institutional investors to integrate with a regulated, onchain private credit strategy.”
Consistent with the initial launch of iSNR on Ethereum last month, investors on Arbitrum can purchase tokenized shares using popular stablecoins USDC (USDC) and USDt (USDT).
Related: Cantor Fitzgerald taps Anchorage Digital, Copper as Bitcoin custodians
DeFi tokenization on the rise
Despite the recent crypto market downtrend, RWA tokenization appears to be heating up with the launch of several DeFi-oriented products. Positive regulatory developments, the rise of liquid multichain economies and innovations in decentralized exchanges are expected to push RWA tokenization into the crypto limelight this year.
Earlier this week, tokenization company Securitize announced that oracle provider RedStone will deliver price feeds for its tokenized products, which include the BlackRock USD Institutional Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED).
The integration means that Securitize’s funds “can now be utilized across DeFi protocols such as Morpho, Compound or Spark,” RedStone’s chief operating officer, Marcin Kazmierczak, told Cointelegraph.
Meanwhile, asset manager Franklin Templeton has launched a tokenized money fund on the Coinbase layer-2 network Base and a US government money fund on Solana.
Private credit ($12.2 billion) and US Treasury debt ($4.2 billion) have dominated real-world asset tokenization so far. Source: RWA.xyz
According to industry data, the total value of RWAs onchain has grown by 17.5% over the past 30 days to reach $18.1 billion. Private credit and US Treasury debt account for nearly 91% of that total.
Related: Trump-era policies may fuel tokenized real-world assets surge
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13
Mar, 2025
Venice Burns One Third of Total Token Supply
Altcoin News, Bitcoin News, Crypto Industries & Currency Updates
The burn was conducted after the conclusion of Venice’s airdrop, which began at the end of January and ended on Wednesday. Crypto AI Startup Venice Burns $100M in Tokens Bitcoin and crypto entrepreneur Erik Voorhees’s Privacy-focused AI startup Venice concluded its airdrop on Wednesday after distributing 17.4 million Venice tokens (VVV) to more than 40,000 […] …
13
Mar, 2025
MoonPay acquires API stablecoin infrastructure platform Iron
Altcoin News, Bitcoin News, Crypto Analytics, Crypto Industries & Currency Updates
Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount.
According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds.
Source: MoonPay
“With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants,” said Ivan Soto-Wright, MoonPay’s CEO.
The Iron deal marks MoonPay’s second high-profile acquisition this year. In January, the company acquired Helio, a Solana-based blockchain payment processor, for $175 million. Helio’s existing integrations with Shopify and Discord give MoonPay further inroads into crypto on-ramp services and payment solutions.
MoonPay isn’t the only company making inroads into stablecoin payments. As Cointelegraph recently reported, Tether-backed fintech Mansa raised $10 million to further expand its cross-border stablecoin payment infrastructure.
Related: Bitcoin may benefit from US stablecoin dominance push
Business integrations driving stablecoin adoption
At more than $230 billion in circulation, stablecoins have become one of blockchain’s most viable use cases. The industry’s success is largely owed to stablecoin integrations by major fintech payment providers, according to Polygon Labs CEO Marc Boiron.
In a recent interview with Cointelegraph, Boiron said, “Companies like Stripe and PayPal integrating stablecoins is likely the primary catalyst for their growth.”
From regulatory scrutiny to widespread industry adoption, the stablecoin market has grown rapidly since 2020. Source: S&P Global
Boiron said one of the industry’s most promising developments is yield-bearing stablecoins, which allow holders to earn decentralized finance yield through traditional collateralization.
Yield-bearing stablecoin alternatives are on the cusp of a major breakthrough after the US Securities and Exchange Commission approved the first yield-bearing stablecoin security in February. The approval goes hand in hand with regulatory efforts to establish clear stablecoin laws in the United States.
Magazine: Bitcoin payments are being undermined by centralized stablecoins
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Learn MoreMoonPay acquires API stablecoin infrastructure platform Iron