Updated
Updated · Bloomberg · Jun 23
Roubini Launches USAFi Token Backed by $17 Million Atlas America Fund
Updated
Updated · Bloomberg · Jun 23

Roubini Launches USAFi Token Backed by $17 Million Atlas America Fund

1 articles · Updated · Bloomberg · Jun 23

Summary

  • $17 million Atlas America Fund will back USAFi, a new blockchain token launched by economist Nouriel Roubini.
  • The token is tied to the Atlas America exchange-traded fund, which trades on Nasdaq under ticker USAF.
  • That ETF invests in US Treasuries, gold and real estate investment trusts, giving the token exposure to a mix of traditional assets.
  • The launch marks a notable shift for Roubini, who became known both for predicting the 2008 financial crisis and for years of sharp criticism of crypto.

Insights

As traditional funds move onto the blockchain, what are the hidden digital risks for investors buying these new 'tokenized securities'?
After calling crypto worthless, is Dr. Doom's new token a genuine innovation or just Wall Street's latest high-tech gimmick?
Does tokenizing real-world assets truly help small investors, or does it just make Wall Street's old system more efficient?