The transaction marked one of the earliest use cases of a tokenised US treasury instrument being used as collateral in a Bitcoin-linked structured product.
Singapore-based Ericsenz Capital has closed the full lifecycle of its inaugural three-month Bitcoin Dual-Currency Note (BTC DCN), marking a milestone in the firm’s structured digital asset product development. USDY has more than US$2.7 billion in total value locked across nine blockchains The BTC DCN is a structured product developed by Ericsenz Capital. During its three-month offering, it provided investors with exposure to Bitcoin, while offering a coupon equivalent to an annualised