Roubini, crypto skeptic, backs tokenization via Technodollar
Nouriel Roubini co‑authored a whitepaper for USAFi, a tokenized investment product that mirrors the Atlas America Fund (USAF) ETF listed on Nasdaq, and the launch is slated for the third quarter under Dubai’s Virtual Assets Regulatory Authority (VARA) framework. USAFi Structure and Partnerships USAFi functions as a blockchain‑based security, granting investors direct exposure to the underlying fund while enabling real‑time movement and settlement on distributed‑ledger rails. Atlas Capital Team developed the token, and Securitize was chosen to supply the tokenization infrastructure, marking Roubini’s inaugural foray into blockchain finance. The collaboration aims to blend traditional fund oversight with the efficiency of crypto‑enabled trading. Tokenization Momentum The tokenization sector continues to expand, positioning assets such as funds, bonds, and equities on blockchain networks to broaden investor reach and facilitate 24/7 trading. Industry giants including BlackRock, Franklin Templeton, and Apollo have already introduced tokenized products, propelling the market for tokenized assets beyond $30 billion when stablecoins are excluded. This growth underscores investors’ confidence in blockchain’s capacity to streamline asset transfer and settlement.
