OTC Trading Enters $13.4B Tokenized RWA Sector via GSR–DigiFT Partnership

Crypto market maker GSR has partnered with regulated asset tokenization platform DigiFT to introduce secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs), offering accredited institutions access to liquidity during Asian market hours, seven days a week.

The launch comes amid continued growth in the RWA sector, which now holds over $13.4 billion in tokenized assets, according to DeFiLlama. The majority of these assets are concentrated in tokenized treasury products and gold-backed crypto instruments.

This new offering allows institutional investors to trade tokenized units of regulated funds including:

Invesco’s US Senior Loan Strategy (iSNR)
UBS’s USD Money Market Investment Fund (uMINT)
Wellington’s Ultra Short Treasury On-Chain Fund (ULTRA)

GSR will provide real-time bid-ask pricing, while DigiFT will facilitate trade execution and settlement under the supervision of Singaporean and Hong Kong regulatory frameworks.

A key objective of the initiative is to address inefficiencies in RWA markets — particularly the reliance on delayed net asset value (NAV) pricing. By enabling live secondary market pricing, the partnership introduces better price discovery, paving the way for more transparent trading and improved market responsiveness.

“Our price discovery capabilities and systematic infrastructure support a healthy secondary market to help this asset class mature,” said Aravind Srinivasan, GSR’s Head of Systematic OTC Business.

The firms noted that on-chain settlement will be executed through smart contracts, with GSR fulfilling OTC orders routed through DigiFT and handling the token and stablecoin transfers directly on the blockchain.

Over time, the partners plan to expand the offering to support a broader range of tokenized RWA products, further deepening institutional liquidity in the space.