Tradeteq, a UK-based private debt and real-world asset marketplace, recently heralded a significant altcoin partnership. Making a move for tokenization, the company sent the project it chose to the moon.
This altcoin jumps in double digits after Tradeteq partnership
UK-based Tradeteq recently reported that it has launched a tokenized US Treasury offering on the Tier-1 Blockchain XDC Network. US Treasury Return (USTY) tokens represent blockchain-based versions of shares in the US Treasury bond exchange-traded fund (ETF). Professional traders on Tradeteq’s Yieldteq platform have access to these products. Tokenization service provider Securitize recruits buyers, tracks share ownership and manages dividend payments.
XDC Network (XDC), which is ranked 46th by market value, gained around 15% after the announcement. It is currently trading in the $0.05944 region, where it retains most of its gains. The altcoin peaked at $0.06125 at one point today.
As we quoted as Kriptokoin.com, XDC Network has previously signed important partnerships with Japanese companies. Tradeteq’s move highlights how far ahead the altcoin network is in tokenization.
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