GSR, DigiFT Brings OTC Trading to $13.4B Tokenized Real-World Asset Market
The partnership enables accredited institutions to trade tokenized units of funds during Asian market hours.

What to know:
- GSR and DigiFT aim to address the issue of delayed net asset values in RWA markets by providing live secondary pricing for tokenized real-world assets.
- The partnership enables accredited institutions to trade tokenized units of funds, including Invesco’s iSNR, UBS’s uMINT, and Wellington’s ULTRA, during Asian market hours.
- The move comes as the RWA market grows past the $13 billion mark.
Crypto market maker GSR has partnered with regulated tokenized asset exchange DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs).
The move comes as the real-world asset sector has been grown to over $13.4 billion worth of assets, according to data from DeFiLlama. The bulk of that comes in the form of tokenized treasury funds and gold-backed cryptocurrencies.
The service, available during Asian market hours seven days a week to eligible institutional investors, enables accredited institutions to trade tokenized units of funds including 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), per a press release shared with CoinDesk.
GSR will provide systematic bid-ask pricing, while DigiFT’s platform facilitates settlement under Singapore and Hong Kong regulatory oversight.
By introducing live secondary pricing, the partnership is designed to address transactions based on delayed net asset values, a long-standing issue in RWA markets.
“Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature,” said GSR’s Head of Systematic OTC Business, Aravind Srinivasan.
Real-time price discovery, the firms said, could allow wallets to process redemptions more efficiently, enable decentralized finance protocols to integrate RWAs, and help investors adjust positions based on current market conditions.
Trades will settle directly on-chain, with GSR filling orders placed through DigiFT’s OTC channel and transferring tokens and stablecoins via smart contracts, the document adds. The companies stated they plan to expand liquidity to additional RWA tokens over time.
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