Crypto Exchange Woo X Claims a First With Tokenized Treasury Bills for Retail Investors
Cryptocurrency exchange Woo X has become the first to offer retail customers exposure to tokenized U.S. Treasury bills. The yield-bearing product, RWA Earn Vaults, was developed in partnership with London-based institutional tokenization platform OpenTrade. This allows retail users on a centralized exchange to access an interest-bearing account backed by U.S. Treasury Bills. The initiative aims to bridge the gap between traditional financial securities and cryptocurrency, offering users a chance to engage with low-risk, high-quality financial assets. Tokenization of bank-grade assets like U.S. Treasuries has gained popularity due to interest rate increases and the current crypto bull run. Woo X also recently introduced index-linked perpetuals covering crypto meme coins and layer-2 tokens with market maker Wintermute.
