Crypto exchange WOO
In a statement shared with The Block, WOO
“We are seeing increasing demand for tokenized T-Bills, fueled by higher US Treasury yields compared to those in decentralized financial markets,” Jack Tan, founder and CEO of WOO, said in the statement. “The partnership with OpenTrade will help further strengthen our position in Asia as we give our users access to tokenized T-bills without high switching costs.”
Seychelles-registered WOO said Asia remains the priority for expansion as recently completed its integration with South Korea’s CODE compliance.
OpenTrade, founded earlier this year, launched a range of services on Friday, including lending products for US government bonds, structured credits and supply chain financing, the statement said. OpenTrade added that its tokenized government bond products are built with Perimeter Protocol, an open-source protocol developed by Circle Research.