DigiFT launches Invesco private credit token on Arbitrum
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