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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liquidation_watcher
· 4jam yang lalu
frx lagi fundraising nih, $50M masuk...BitGo custodian kali ini aman gak sih, rasanya stablecoin tuh gampang jebol
Lihat AsliBalas0
ForkThisDAO
· 4jam yang lalu
frxUSD kembali melakukan pendanaan, operasi Frax kali ini cukup bagus, dukungan dari BitGo sangat terpercaya
Lihat AsliBalas0
MetaverseLandlady
· 4jam yang lalu
frxUSD kembali melakukan pendanaan? Limit 50M terdengar cukup kuat, pengelolaan oleh BitGo juga bisa diandalkan. Tapi di zaman sekarang, siapa yang masih percaya dengan cerita stablecoin?
Lihat AsliBalas0
SelfCustodyBro
· 4jam yang lalu
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
Balas0
Rekt_Recovery
· 4jam yang lalu
lima puluh juta di stablecoin... itu langkahnya saat kamu mencoba pulih dari PTSD likuidasi, jujur saja. pengelolaan aset oleh BitGo, setidaknya ada yang belajar dengan cara keras tentang bencana pengelolaan sendiri 💀
ATW Partners Berkomitmen $50M untuk stablecoin frxUSD
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.