Source: CryptoNewsNet
Original Title: ATW Partners Commits $50M to frxUSD
Original Link: https://cryptonews.net/news/finance/32280869/
ATW Partners has agreed to invest up to $50 million in the frxUSD stablecoin issued by Frax, with custody provided by BitGo. ATW Partners is a New York-based investment firm focused on structured finance. The initiative brings together ATW Partners, Frax, a decentralized stablecoin protocol, and BitGo, a regulated digital asset custodian, to support on-chain dollar deployment for institutional use.
Under the arrangement, ATW Partners, through its affiliates and portfolio companies, will allocate capital into frxUSD. BitGo Bank & Trust will act as a qualified custodian for the stablecoin holdings, providing regulated storage and operational security. Frax will be responsible for managing frxUSD reserves, which are fully backed by tokenized U.S. Treasury exposure.
The reserves are held through WisdomTree’s WTGXX fund on the FraxNet platform. WisdomTree is an asset manager specializing in tokenized financial products. This structure links traditional financial instruments with decentralized infrastructure, allowing dollar-backed assets to be used directly on-chain while maintaining transparent reserve backing.
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AirdropHunter
· Il y a 1h
frxUSD a encore un nouveau grand investisseur, 50M ce n'est pas rien, c'est juste que la garde par BitGo est un peu... tant pis, on va d'abord attendre et voir
Voir l'originalRépondre0
liquidation_watcher
· Il y a 10h
Voir l'originalRépondre0
ForkThisDAO
· Il y a 10h
frxUSD lève à nouveau des fonds, cette opération de Frax est bien menée, le soutien de BitGo est vraiment solide.
Voir l'originalRépondre0
MetaverseLandlady
· Il y a 10h
frxUSD revient encore à la levée de fonds ? une limite de 50M semble vraiment solide, la garde par BitGo est aussi considérée comme fiable. Mais à notre époque, qui croit encore à l'histoire des stablecoins ?
Voir l'originalRépondre0
SelfCustodyBro
· Il y a 10h
frx又融钱了,BitGo托管感觉还可以吧,不过稳定币这么多真的能用完么
Répondre0
Rekt_Recovery
· Il y a 10h
50 millions sur une stablecoin... c'est la stratégie quand tu essaies de te remettre du syndrome de liquidation, je ne vais pas mentir. La garde par BitGo, en tout cas, au moins quelqu'un a appris à ses dépens la catastrophe de l'autogarde 💀
Les partenaires d'ATW s'engagent $50M à frxUSD Stablecoin
Source: CryptoNewsNet Original Title: ATW Partners Commits $50M to frxUSD Original Link: https://cryptonews.net/news/finance/32280869/ ATW Partners has agreed to invest up to $50 million in the frxUSD stablecoin issued by Frax, with custody provided by BitGo. ATW Partners is a New York-based investment firm focused on structured finance. The initiative brings together ATW Partners, Frax, a decentralized stablecoin protocol, and BitGo, a regulated digital asset custodian, to support on-chain dollar deployment for institutional use.
Under the arrangement, ATW Partners, through its affiliates and portfolio companies, will allocate capital into frxUSD. BitGo Bank & Trust will act as a qualified custodian for the stablecoin holdings, providing regulated storage and operational security. Frax will be responsible for managing frxUSD reserves, which are fully backed by tokenized U.S. Treasury exposure.
The reserves are held through WisdomTree’s WTGXX fund on the FraxNet platform. WisdomTree is an asset manager specializing in tokenized financial products. This structure links traditional financial instruments with decentralized infrastructure, allowing dollar-backed assets to be used directly on-chain while maintaining transparent reserve backing.