Decentralized alternatives marketplace Archblock Tuesday announced the introduction of a tokenized U.S. Treasury Bills fund on its marketplace, seeking to provide global USDC USDC/USD holders and on-chain investors, who might not have access to traditional U.S. bank or brokerage accounts, with liquidity and access to short-term U.S. Treasury Bill yields.
The U.S. Treasury Fund, managed by Adapt3r Digital LLC, is designed to offer investors a platform to conduct due diligence and review the investment strategies of various managers.
Archblock has already facilitated over $1.8B in on-chain asset origination and capital deployment.
In an interview with Benzinga, Bill Wolf, CIO at Archblock, elucidated the advantages of blockchain in asset management.
He said, "We are effectively taking out costs and increasing transactability by using the blockchain to manage assets as opposed to traditional rails."
Drawing a parallel, Wolf said Archblock's marketplace is to fund management what Metamask was to peer-to-peer transactions in banking.
He emphasized Archblock's mission to simplify asset management, stating, "Today there are multiple layers of technologies and processes. You need to open up a fund, and we're trying to make that much faster and much simpler."
When probed about how Archblock's marketplace stands out from other platforms, Wolf highlighted two distinctions. "Firstly, ours is built upon an open-source protocol called TrueFi, which makes it one of the longest-standing marketplaces out there. It's battle-tested," he said.
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Wolf added, "Our marketplace has this distinction of having the open source below it and the more professionally overlying marketplace Archblock on top of it."
Discussing challenges, Wolf identified the widespread apprehension around blockchain and crypto.
"A lot of people have seen the incredible problems that have happened in our industry over the last 12 to 18 months... And that's created a huge headwind for people just going, I don't know what to trust," he said.
Speaking about the tokenized U.S. Treasury Bills fund, Wolf clarified Archblock's role, saying, "We're not launching that; the manager is launching it using our software. We are not an investment advisor."
He emphasized the significance of the tokenized Treasury bill, noting it is a great place for investors to park their capital while they look at other offerings in the marketplace.
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