Abu Dhabi Firms Introduce Tokenized T-Bill ETF Fund for Crypto Investors

Abu Dhabi's Realize T-Bills Fund Targets Southeast Asian and Gulf Investors with Tokenized Treasury ETFs

Abu Dhabi-based Realize and Neovision Wealth Management have launched the Realize T-Bills Fund, a novel investment vehicle designed to bridge traditional finance and the digital asset space. 

The fund, which has been investing solely in US Treasury bill-based ETFs from BlackRock iShares and State Street's SPDR, plans to attract major investments from Southeast Asia and Gulf countries. The two firms are tokenizing fund units to create the investment product on the blockchain. The fund aims to reach $200 million in assets under management, with a first-year target of $50 million.

Southeast Asia Investors Set to Lead Fund Participation

Dominik Schiener, the co-founder of Realize, said that the largest investor base in the fund is expected to be from Southeast Asia. He anticipates that the GCC investors will contribute between 20% and 30% of the intended first-round target capital of $100 million and that European investors will also be involved. Scheiner noted that some of these areas are the Middle East and Southeast Asia, as these areas have high adoption rates of digital assets and high-net-worth investors.

Schiener stressed the importance of targeting not only financial market participants but also people and businesses already investing in cryptocurrencies willing to invest in a diversified portfolio. The fund will target family offices and wealthy individuals who need to protect their investments while leveraging the benefits of digital assets.

Through the Realize T-Bills Fund, Realize and Neovision aim to blend conservative financial products like U.S. Treasury bills with innovative digital solutions, widening their appeal across multiple investor demographics.

Realize T-Bills Fund to Issue $RBILL Token on Ethereum and IOTA

Realize will introduce the $RBILL token on the Ethereum and IOTA blockchains to support seamless investment in the fund. This tokenization allows investors to acquire fund units through both fiat and cryptocurrency, including Bitcoin, Ethereum, and IOTA, making it an accessible option for digital asset enthusiasts and conventional investors alike.

Ryan Lemand, co-founder and CEO of Neovision, noted that tokenizing Treasury bill ETFs offers an efficient approach for those seeking Treasury bill exposure without incurring the transaction fees associated with purchasing individual bills. 

He argued that tokenization provides a cost-effective alternative that could appeal to traditional investors and crypto-savvy individuals looking for stable asset-backed digital products. Realize's tokenized structure is also set to increase transparency and streamline fund management by enabling digital access to fund units on the blockchain.