Abu Dhabi firms Realize and Neovision Wealth Management have launched an investment fund that tokenizes U.S. Treasury bill exchange-traded funds (ETFs). The Realize T-Bills Fund will acquire shares of Blackrock's ishares and State Street's SPDR ETFs, with a goal of growing the fund to $200 million. Realize will issue the $RBILL token, which can be acquired using fiat currency or cryptocurrencies. The fund aims to attract investors from the Gulf, Europe, and Southeast Asia, targeting wealthy individuals, entities already exposed to crypto, and traditional investors. The tokenized ETFs position Abu Dhabi as a global leader in asset tokenization.
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