Cointime

Download App
iOS & Android

Finblox brings Tokenized US Treasurys to Southeast Asia through Partnership with OpenEden

Singapore-based startup Finblox has partnered with OpenEden to bring tokenised US Treasuries to emerging markets in Southeast Asia. The partnership aims to offer a safer and less risky way for the unbanked population in the Philippines, Indonesia, India and Vietnam to earn sustainable yields. T

he Treasury bill vault will be integrated with Chainlink to provide on-chain evidence that its tokens are backed by actual assets. However, holding tokenised T-bills still comes with risks, including government default and smart contract risks. Finblox requires customers to complete two levels of regulation before being eligible to purchase Treasuries.

Comments

All Comments

Recommended for you