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.