Libeara and FundBridge Capital are introducing a tokenized United States Treasury bill (T-Bill) fund on the Avalanche network, as announced on November 12. The Delta Wellington Management Short Treasury On-Chain Fund aims to provide transparent, auditable, and efficient access to US Treasuries on-chain. The fund facilitates subscriptions, transfers, and redemptions of tokenized US Treasuries, enhancing operational efficiencies through blockchain technology, according to FundBridge's director, Mark Garabedian. As of November 12, tokenized US treasury debt has a total value locked of approximately $2.3 billion, with major players like BUIDL and Franklin OnChain US Government Money Fund holding assets under management of around $510 million and $450 million, respectively. Tokenization is posited to unlock a $30-trillion market opportunity in real-world assets (RWAs), potentially streamlining Treasury trading by minimizing operational and settlement frictions, as per a recent US Department of the Treasury report. Additionally, Avalanche has become a leading platform for securities tokenization, with the Depository Trust and Clearing Corporation considering the use of tokenized US Treasury bills for trading margin on its Evergreen subnet.

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