Nouriel Roubini Launches Tokenized Fund USAFi

On June 23, Bloomberg reported that Nouriel Roubini, known for his strong criticism of cryptocurrencies, is 'onboarding' one of his investment products. Roubini is launching a digital token called USAFi, which will be backed by the Atlas America Fund he manages. The fund has a size of approximately $17 million and is an ETF traded on NASDAQ under the ticker symbol USAF. This ETF primarily invests in a variety of assets, including U.S. Treasury bonds, gold, and real estate investment trusts (REITs).