The cryptocurrency exchange Woo X has revolutionized its U.S. Treasury Bill-backed yield earning instruments, enabling patrons to extract interest on a daily basis, as opposed to the traditional seven or 28-day intervals customary with T-Bills.

Tokenization—particularly concerning bank-grade assets such as U.S. Treasuries—has surged in popularity due to escalating interest rates, with a proliferation of innovations emerging from both traditional financial institutions and startups.

The Woo X Real-World Asset (RWA) Earn Vaults, crafted with expertise from tokenized yield specialists OpenTrade, now permit both retail and institutional investors to withdraw daily interest accrued from USDC stablecoin deposits in the vaults without any fixed term, the firms announced on Monday.

“You can now reap the risk-free rate of return on the Woo X exchange via the platform you already utilize for trading, enabling instant entry and exit,” stated OpenTrade CEO Dave Sutter in an interview. “This experience surpasses what traditional financial products offer, granting users unparalleled flexibility to earn yield on USDC with utmost security.”

Woo X’s strategic partner on this initiative, OpenTrade, has connections to Center, the defunct collaboration between USDC issuer Circle and Coinbase, and traces back to the Marco Polo enterprise blockchain project.