Nouriel Roubini launches USAFi token backed by Atlas America Fund
Bloomberg reported on June 23 that Roubini’s blockchain-based USAFi token is tied to the Nasdaq-listed USAF ETF, a roughly $17 million fund investing in U.S. Treasuries, gold and REITs.
Summary
Nouriel Roubini is bringing one of his investment products on-chain through the launch of the USAFi token, backed by the Atlas America Fund. Bloomberg reported on June 23 that the underlying vehicle is the Nasdaq-listed USAF ETF, a roughly $17 million fund that invests in U.S. Treasuries, gold and real estate investment trusts. The move is notable because Roubini has been one of crypto’s sharpest critics, and it highlights the use of tokenization to distribute exposure to traditional assets through blockchain-based infrastructure.
Terms & Concepts
- USAFi token: A blockchain-based token launched by Nouriel Roubini and backed by the Atlas America Fund.
- Atlas America Fund: The roughly $17 million Nasdaq-listed ETF trading under the ticker USAF that backs the USAFi token.
- tokenization: The process of representing an asset or investment product in digital form on blockchain infrastructure.