Crypto Market Maker GSR has partnered with the regulated tokenized assets Exchange Digift to launch a Secondary Over the Counter (OTC) trading for Tokenized Real World Assets (RWAS).
This move comes as the real-world asset sector has grown to assets of more than $13.4 billion, according to data from Defillama. Most of it comes in the form of tokenized financial funds and gold-backed cryptocurrency.
The service is available seven days a week for qualified institutional investors during Asian market hours, allowing accredited institutions to trade tokenized funds including Invesco’s US Senior Loan Strategy (ISNR), UBS’s USD Money Market Investment Fund (UMINT), and Wellington’s Ultra Short Tray Alley on Shine Fund (ULTRA).
While GSR offers systematic bid pricing, Digift’s platform will promote settlements based on regulatory oversight in Singapore and Hong Kong.
By introducing live secondary pricing, the partnership is designed to address transactions based on delayed net asset value, a long-standing issue in the RWA market.
“Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature,” said Aravind Srinivasan, Head of Systematic OTC Business at GSR.
He said real-time price discovery could allow wallets to handle redemptions more efficiently, decentralized finance protocols could integrate RWA, and allow investors to adjust their positions based on current market conditions.
The transaction settles directly on the chain, with GSR fill orders placing orders via Digift’s OTC channel and transferring tokens and stablecoins via smart contracts, the documentation adds. The company said it plans to expand its RWA tokens to additional RWA tokens over time.
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