Arca, an institutional digital asset firm, recently launched a tokenized US Treasury Fund (UST), which is a ’40 Act Fund pending SEC approval. Their UST token will represent an interest in the fund composed primarily of treasuries as a low volatility investment alternative to stablecoins.
“TokenSoft’s ability to support our needs in building a ’40 Act compliant token offering was the main reason we chose them to partner with our registered fund offering. They understand the unique needs the ArCoin US Treasury Token has as an open-ended fund with on-going issuances and redemptions, and have been very helpful in our registration process.”
– Jerald David, President of Arca Capital Management Investment Firm
Investors passing Know Your Customer and Anti-Money Laundering (KYC/AML) are added to an approved holders whitelist for UST, which is on the ERC-1404 open source security token standard. This is unique for registered offerings, which do not need to limit sales to only to accredited investors.
“Adding support for registered ’40 Act Funds like Arca brings together a lot of tools we have built into one offering from on-going issuances and dividend support to integrations with transfer agents.”
– Mason Borda CEO of TokenSoft
