GSR and DigiFT Launch OTC Trading for $13.4B Tokenized Real-World Asset Market

GSR, a prominent crypto market maker, has joined forces with DigiFT, a regulated tokenized asset exchange, to introduce secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs). This initiative taps into a burgeoning market valued at over $13.4 billion, dominated by tokenized treasury funds and gold-backed cryptocurrencies.

The service, operational during Asian market hours seven days a week, caters exclusively to eligible institutional investors. It facilitates trading of tokenized units from funds such as Invesco’s US Senior Loan Strategy (iSNR), UBS’s USD Money Market Investment Fund (uMINT), and Wellington’s Ultra Short Treasury On-Chain Fund (ULTRA). GSR will handle systematic bid-ask pricing, while DigiFT ensures regulatory-compliant settlement under Singapore and Hong Kong oversight.

The partnership aims to resolve long-standing inefficiencies in RWA markets, particularly transactions reliant on delayed net asset values. "Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature," said Aravind Srinivasan, GSR’s Head of Systematic OTC Business. Real-time pricing could streamline redemptions and enhance liquidity for decentralized finance applications.