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.
Esta página pode conter conteúdos de terceiros, que são fornecidos apenas para fins informativos (sem representações/garantias) e não devem ser considerados como uma aprovação dos seus pontos de vista pela Gate, nem como aconselhamento financeiro ou profissional. Consulte a Declaração de exoneração de responsabilidade para obter mais informações.
10 gostos
Recompensa
10
5
Republicar
Partilhar
Comentar
0/400
liquidation_watcher
· 6h atrás
Ver originalResponder0
ForkThisDAO
· 6h atrás
Ver originalResponder0
MetaverseLandlady
· 6h atrás
frxUSD voltou a captar fundos? Um limite de 50M parece bastante sólido, a custódia na BitGo também é considerada confiável. Mas nesta época, quem ainda acredita na história das stablecoins?
Ver originalResponder0
SelfCustodyBro
· 6h atrás
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
Responder0
Rekt_Recovery
· 6h atrás
cinquenta milhões numa stablecoin... essa é a jogada quando estás a tentar recuperar do trauma de liquidação, para não mentir. custódia BitGo, pelo menos alguém aprendeu da maneira difícil sobre desastres de auto-custódia 💀
ATW Partners compromete-se $50M com a 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.