SINGAPORE, 11 August 2025 – GSR, crypto's capital markets partner, today announced the launch of secondary OTC liquidity for tokenized assets, in partnership with DigiFT, a regulated exchange for tokenized real-world assets (“RWA”). This collaboration marks one of the first institutional partnerships to deliver systematic OTC trading access across multiple tokenized real-world assets.
Eligible institutional investors can now access live OTC liquidity during Asian market hours, seven days a week, for tokenized units of institutional-grade RWAs via DigiFT, with GSR serving as the systematic liquidity provider. Initial tokens supported include:
- Invesco US Senior Loan Strategy (“iSNR”) token
- UBS USD Money Market Investment Fund (“uMINT”) token
- Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA”) token
GSR provides systematic bid-ask pricing with trade execution and settlement facilitated through DigiFT’s regulated platform. Liquidity coverage is expected to expand to additional tokenized RWAs over time.
This partnership also introduces real-time secondary price discovery, a critical milestone for the tokenized RWA ecosystem. Transparent OTC pricing unlocks broader utility: wallets can support redemptions and rebalancing; DeFi protocols can compose with RWAs; and investors can trade based on live market dynamics rather than delayed NAVs.
“We are bridging the gap between issuance and tradeability, both of which have been obstacles for scaling institutional adoption of tokenized real-world assets,” said Aravind Srinivasan, GSR’s Head of Systematic OTC Business. “Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature.”
Trades are settled directly on-chain, leveraging GSR’s systematic market making expertise and DigiFT’s regulated smart contract infrastructure to ensure seamless, compliant settlement with no manual intervention.
In practice, an investor places a buy or sell order on the DigiFT exchange. GSR fills the order at quoted pricing via a secure OTC channel, with token and stablecoins exchanged through smart contract-based settlement.
“Liquidity and compliance must go hand-in-hand to scale real-world asset adoption,” said Henry Zhang, Founder & Group CEO of DigiFT. “Through this partnership, we’re enabling systematic OTC trading with institutional-grade execution and regulated settlement to unlock the next phase of RWA market infrastructure.”
GSR continues to invest in the broader digital asset ecosystem, offering capital solutions, liquidity, and strategic advisory services to partners at all stages of growth.
###
About GSR
GSR is crypto’s capital markets partner, delivering market making, institutional-grade OTC trading, and strategic venture backing to founders and institutions. With more than a decade of experience, we provide strategic guidance, market intelligence, and access to a global network to help teams scale.
About DigiFT
DigiFT is a next-generation exchange for tokenized real-world assets (RWAs), licensed by the Monetary Authority of Singapore (MAS) and the Hong Kong Securities and Futures Commission (SFC). The platform offers end-to-end digital asset services—including tokenization, issuance, distribution, trading, and instant liquidity provision—purpose-built for institutional RWAs. Trusted by global financial institutions, DigiFT is the on-chain tokenization and distribution partner for leading asset managers such as Invesco, UBS Asset Management, and Wellington Management.
Visit www.digift.io for more information.
Disclaimer: DigiFT and/or its affiliates endeavor to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained on this article. This is not an advertisement making an offer or calling attention to an offer or intended offer. Before making any investment decision, please seek independent legal and financial advice. The information and materials presented are intended solely for Accredited Investors and Institutional Investors within the meaning of the Securities and Futures Act 2001 of Singapore. They are not intended for, and should not be relied upon by, persons who are not such investors. DigiFT accepts no legal responsibility for any reliance placed by other investors for whom this content is not intended.
This material is provided by GSR (the “Firm”) solely for informational purposes. It is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. Investors should form their own views in relation to any proposed investment. It is intended only for sophisticated, institutional investors and does not constitute an offer or commitment, a solicitation of an offer or commitment, or any advice or recommendation, to enter into or conclude any transaction (whether on the terms shown or otherwise), or to provide investment services in any state or country where such an offer or solicitation or provision would be illegal. The Firm is not and does not act as an advisor or fiduciary in providing this material. This material is not an independent research report, and has not been prepared in accordance with any legal requirements by any regulator (including the FCA, FINRA or CFTC) designed to promote the independence of investment research. This material is not independent of the Firm’s proprietary interests, which may conflict with the interests of any counterparty of the Firm. The Firm may trade investments discussed in this material for its own account, may trade contrary to the views expressed in this material, and may have positions in other related instruments. The Firm is not subject to any prohibition on dealing ahead of the dissemination of this material. Information contained herein is based on sources considered to be reliable, but is not guaranteed to be accurate or complete. Any opinions or estimates expressed herein reflect a judgment made by the author(s) as of the date of publication, and are subject to change without notice. The Firm does not plan to update this information. Trading and investing in digital assets involves significant risks including price volatility and illiquidity and may not be suitable for all investors. The Firm is not liable whatsoever for any direct or consequential loss arising from the use of this material. Copyright of this material belongs to GSR. Neither this material nor any copy thereof may be taken, reproduced or redistributed, directly or indirectly, without prior written permission of GSR. Please see here for additional Regulatory Legal Notices relevant to US, UK and Singapore.