On September 29, 2023, OpenTrade, a notable platform bridging traditional financial markets with digital asset realms, declared a strategic collaboration with WOO X, enabling its user base to tap into tokenized Treasury Bills (T-Bills) and avail USDC-collateralized loans against liquid assets on a blockchain infrastructure, according to WOO official blog. This initiative is engineered through OpenTrade’s recent unveiling of tokenized T-Bills on Circle Research’s Perimeter Protocol.
The collaboration stems from a rising demand for tokenized T-Bills, driven by the comparatively higher yields from US government bonds against those found in decentralized finance (DeFi). WOO X, through this partnership, aims to fortify its foothold in the Asian region by offering a low-cost switch to tokenized T-Bills for its users. Jack Tan, WOO’s Founder and CEO, emphasized the commitment to furnishing customers with yield products anchored to…
