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US Startup Arca Seeks SEC Approval For US Treasury Bond-Backed Stablecoin

Liang CHE

Summary: According to coindesk.com, Arca, a Los Angeles-based digital asset management company, submitted a propose to the US Securities and Exchange Commission (SEC), in which a bond fund's shares will be tokenized on the Ethereum blockchain. The spokesman said Arca hopes the US Securities and Exchange Commission will approve the product later this year.

According to coindesk.com, Arca, a Los Angeles-based digital asset management company, submitted a propose to the US Securities and Exchange Commission (SEC), in which a bond fund's shares will be tokenized on the Ethereum blockchain. The spokesman said Arca hopes the US Securities and Exchange Commission will approve the product later this year.

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