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ATW Partners, Frax, and BitGo announce a joint initiative, with ATW investing up to $50 million in the frxUSD stablecoin. BitGo will provide qualified custody services, while Frax will hold reserves fully backed by tokenized U.S. Treasuries through the WisdomTree on the FraxNet platform. This collaboration aims to connect traditional finance and decentralized finance, promoting on-chain U.S. dollar investments.