Investors will be able to take out crypto loans by pledging TrueFi's U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.
"There are possibilities to solidify the treasury at low risk," pseudonymous JPEG'd contributor 0xTutti told CoinDesk.
The subsidiary of Japanese Monex Group had already said it would cease providing services in the United States.
Grayscale investment products are no substitute for BTC, Genesis creditors say, and there’s still the matter of late fees.