DigiFT has introduced Invesco's tokenized private credit strategy on Arbitrum, opening new opportunities for institutional investors on credit markets.
Launch of iSNR Token on Arbitrum
According to a March 13 announcement, Invesco's iSNR token is now live on the Arbitrum platform, a popular Ethereum layer-2 solution. The token was officially launched on February 19 and represents Invesco's private credit fund management strategy. At launch, Invesco's fund managed $6.3 billion in assets. DigiFT described iSNR as the "first and only tokenized private credit strategy."
Tokenization in DeFi
Despite recent downturns in the crypto market, tokenization of real-world assets (RWA) is gaining momentum with the launch of several DeFi-oriented products. Positive regulatory developments, the rise of multichain economies, and innovations in decentralized exchanges are anticipated to highlight the prominence of tokenization this year. Securitize recently announced that oracle provider RedStone will supply price feeds for its tokenized products, including the BlackRock USD Institutional Liquidity Fund and Apollo Diversified Credit Securitize Fund.
Current Tokenization Market
According to industry data, the total value of onchain real-world assets has grown by 17.5% over the past 30 days to reach $18.1 billion, with private credit and US Treasury debt constituting about 91% of that total.
Tokenization of real-world assets is becoming increasingly significant in the crypto world, offering new opportunities and products for investors across various financial market sectors.
