DigiFT to Tokenize $6.3 Billion Invesco Credit Fund
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Singaporean blockchain platform DigiFT will offer a tokenized version of a $6.3 billion Invesco private credit fund, the latest example of blurring lines between the finance and crypto worlds.
Institutional investors can use US dollars or stablecoins USDC and USDT to purchase tokenized shares in the underlying Invesco fund, according to a statement from DigiFT on Wednesday. The Invesco fund, which invests in senior secured loans to companies, has delivered an annual net yield of 4.5% since its inception in 2006, DigiFT Chief Executive Officer Henry Zhang said.