Economist Roubini Launches ETF-Backed Token With UAE Approval, Up 9% Since November

According to Business Insider, economist Nouriel Roubini launched a token backed by his Atlas Americas Fund on July 11, with regulatory approval from the United Arab Emirates. The token, set to debut within weeks, invests in short-term U.S. Treasury securities, gold, REITs, commodities, and defense stocks, with a goal of hedging long-term inflation risk.

The Fund has posted a 9% return since its November 2024 debut, with an annual dividend yield of approximately 2.45%. Roubini positioned the token as an alternative to traditional stablecoins, arguing that dollar-pegged assets fail to generate returns in high-inflation environments.