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ChainCatcher news, although to the outside world the name Musk almost represents the newly established government efficiency department, the White House clarified that Musk does not work for this department. Joshua Fisher, Director of the White House Office of Administration, stated that Musk is a senior advisor to the president and his authority is not higher than other senior White House staff. Fisher said on Monday night that Musk's role should be separated from the government efficiency department he supports.

The Singapore blockchain platform DigitFT will provide a tokenized version of the $6.3 billion Invesco private credit fund. A statement from DigitFT on Wednesday said that institutional investors can use dollars or stablecoins USDC and USDT to purchase tokenized shares of the underlying assets of the Invesco fund. Henry Zhang, CEO of DigitFT, stated that this Invesco fund invests in senior secured loans of companies and has had an annual net return rate of 4.5% since its establishment in 2006. In an interview, Henry Zhang said: "This is the first and only tokenized private credit fund offering daily liquidity. Currently, most tokenized private credit funds have quarterly or even longer redemption cycles, which makes them less attractive to investors seeking higher flexibility." Henry Zhang stated that compared with up to 5 days settlement time for underlying funds, DigitFT aims to eventually provide instant settlement for the tokenized version of the Invesco fund.