The first tokenised treasury bill fund licensed in the ADGM running on IOTA and Ethereum

The first tokenised treasury bill fund licensed in the Abu Dhabi Global Market is launched by company Realize.

Such funds buy United States treasuries, which are US government bonds, and then create a blockchain-based token to represent these assets, thereby enabling digital, fractional ownership that may prove more liquid and accessible. Realize is using IOTA and Ethereum blockchain technology for tokenization.

The Realize T-BILLS Fund invests in three-month US treasury bill ETFs (exchange-traded funds) run by BlackRock and State Street Global Advisors

https://www.realizeassets.com/

https://www.agbi.com/finance/2024/10/duo-dream-big-with-abu-dhabis-first-tokenised-treasuries-fund/

Realize partners:

Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is the international financial center (IFC) of the capital city of the United Arab Emirates. It is ranked as one of the most preferred top IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub.

Neovision – Fund Manager

Neovision Wealth Management Ltd. is the Fund Manager of Realize, licensed by the ADGM Financial Services Regulatory Authority. The management team has over two decades of experience in investment research, asset allocation, portfolio construction, and fund management.

Addleshaw Goddard – International and ADGM Legal Counsel

Headquartered in London, Addleshaw Goddard is a top law firm with nearly 100 lawyers in the Middle East, specializing in funds, corporate/M&A, TMT, and finance. As the Fund’s legal counsel, they’ve been instrumental in guiding Realize and Neovision through the regulatory landscape to establish the first tokenized T-Bills Fund in ADGM.

Swissquote MEA Ltd – Custodian

Swissquote is a DIFC entity, regulated by the Dubai Financial Services Authority (the DFSA), offering custody and execution of equities, ETFs, securities, funds, amongst other asset classes. The Custodian is a wholly owned subsidiary of Swissquote Bank SA, one of the largest online banks in Switzerland with total assets of CHF 68 Billion. Swissquote Bank is in turn regulated by FINMA.

Ascent – Administrator

Ascent is a global fund administrator providing customized solutions to asset managers, capital markets, family offices, investors, and private clients. Ascent manages all daily operations of our regulated fund, including investor onboarding and offboarding, regulatory and statutory reporting, investor communications, and maintaining accurate records.

Grant Thornton – Auditor

Grant Thornton is one of the world's largest professional services network of independent accounting and consulting member firms that provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities.

Nakama – Technical Advisor

Nakama, established in 2022 as a Web3 venture fund, has developed leading decentralized applications within the IOTA and Web3 ecosystem. With over 25 team members, Nakama takes a leading role in developing the tokenization dApp of Realize.

Pulsar Group – Strategic Partner

Pulsar Group is a high growth tech innovator and strategic advisor partnering with leading companies in the UAE and around the world.