A $407 million Treasury fund reveals how Wall Street is building crypto’s missing collateral layer

Tokenized sovereign debt spent years sounding like a conference phrase in search of a market. But now, the category has enough working components to deserve serious attention: tokenized government money funds, onchain ownership records, programmable transfer rails, and a growing effort to turn government paper into collateral that digital markets can actually use. While this […] The post A $407 million Treasury fund reveals how Wall Street is building crypto’s missing collateral layer appeared first on CryptoSlate.