Global crypto market maker GSR has teamed up with regulated exchange DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs), giving institutional investors access to liquidity during Asian market hours, seven days a week.
The launch comes as the tokenized RWA space surpasses $13.4 billion in total value, according to DeFiLlama. The majority of that market is currently driven by tokenized treasury instruments and gold-backed assets.
This new OTC service allows accredited institutions to trade tokenized units of leading traditional funds, including:
- Invesco’s US Senior Loan Strategy (iSNR)
- UBS’s USD Money Market Investment Fund (uMINT)
- Wellington’s Ultra Short Treasury On-Chain Fund (ULTRA)
Under the partnership, GSR provides systematic bid-ask pricing, while DigiFT manages execution and settlement within the regulatory frameworks of Singapore and Hong Kong.
Solving a Long-Standing Challenge
One of the key problems in RWA markets has been reliance on delayed NAV pricing, which limits price transparency and real-time trading. The GSR–DigiFT collaboration introduces live secondary pricing, aiming to close that gap.
“Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature,” said Aravind Srinivasan, Head of Systematic OTC Business at GSR.
Real-time pricing, the firms said, can improve redemption processes for digital wallets, support decentralized finance (DeFi) integrations, and allow institutional investors to adjust positions based on up-to-date market data.
On-Chain Settlement and Expansion Plans
All trades will be settled on-chain, with GSR fulfilling OTC orders placed through DigiFT and facilitating token and stablecoin transfers via smart contracts.
The companies also noted plans to expand trading access to additional RWA tokens over time, as institutional appetite for regulated on-chain financial products continues to grow.
