DigiFT, the pioneering licensed platform for on-chain real-world assets, has unveiled the groundbreaking introduction of the initial U.S. Treasury Bill depository receipt tokens. These tokens symbolize direct beneficial ownership in the underlying U.S. Treasury Bill, marking a significant step in safeguarding investors' rights and enhancing protection on-chain.

The concept of depositary receipts (DR) has a rich history in traditional finance, dating back to the late 1920s when J.P. Morgan introduced the first American Depositary Receipt (ADR) to facilitate trading of British retailer Selfridges' shares on the New York Stock Exchange (NYSE). The evolution continued in the 1990s with the emergence of Global Depositary Receipts (GDRs) by international banks for global investors.

DigiFT's innovative approach involves deploying the DR structure on-chain, addressing a crucial challenge in Real World Asset (RWA) tokenization. This model fills the gap in the market by providing a robust legal framework that accurately represents token holders' direct beneficial interest in the underlying asset while enabling seamless settlement on-chain.

Unlike many existing RWA tokens that are wrapped in complex legal structures, DigiFT's DR tokens offer a transparent and straightforward legal framework. Investors can easily grasp their rights as these tokens represent a fractional beneficial interest in the underlying capital market securities, allowing them to directly benefit from the economic returns generated by the assets.

As the first RWA exchange on the public blockchain licensed by a Tier-1 financial regulator, DigiFT merges profound financial expertise with advanced technology to offer regulated financial solutions on-chain. The inaugural offering under the DR structure, DigiFT U.S. Treasury Tokens (DRUST), is backed by highly liquid and short-term U.S. Treasury Bills, catering to stablecoin issuers and Web3 product developers seeking regulatory-compliant treasury and cash management solutions.

Henry Zhang, Founder and CEO of DigiFT, emphasized how their innovative DR structure empowers investors by granting them direct ownership of assets and returns. DigiFT remains dedicated to expanding traditional financial assets in the Web3 space through the DR model, prioritizing investor protection and transparency.

DigiFT stands out as the premier regulated exchange for on-chain real-world assets, authorized as a Recognised Market Operator with a Capital Markets Services license by the Monetary Authority of Singapore. With a commitment to regulatory compliance and innovative financial solutions, DigiFT is reshaping financial services responsibly while ensuring continuous liquidity through an Automated Market Maker (AMM).