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
· 6ч назад
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ForkThisDAO
· 6ч назад
frxUSD снова привлекает финансирование, эта стратегия Frax хороша, поддержка BitGo надежна
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MetaverseLandlady
· 6ч назад
frxUSD снова привлекает финансирование? Лимит в 50M звучит довольно внушительно, хранение на BitGo тоже считается надежным. Но в наше время кто еще верит в истории о стейблкоинах?
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SelfCustodyBro
· 6ч назад
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
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Rekt_Recovery
· 6ч назад
пятьдесят миллионов на стейблкоине... это правильный ход, когда пытаешься оправиться от посттравматического стресса ликвидации, честно говоря. хранение в BitGo, хотя бы кто-то усвоил тяжелый урок о катастрофах самохранения 💀
Партнеры ATW Commits $50M к стабильной монете 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.