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The RWA track continues to be hot, what agreements are worth paying attention to?

Luccy

24-03-26 18:16

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On March 26, according to coingecko data, the RWA concept generally rose. ONDO, the native token of Ondo Finance, the leader of the track, has increased by more than 110% in a week, leading the rise of the entire RWA track protocol, and the tokens of multiple projects have continued to hit record highs.

Among them, POLYX (Polymesh) increased by 197.4 in a week; TOKEN (TokenFi) increased by 210.5 in a week; NXRA (AllianceBlock Nexera) increased by 129% in a week; GFI (Goldfinch) ) rose by 97.3% in 24 hours; RIO (Realio Network) rose by 141.7% in a week.

From BlackRock to meme, is the market starting to speculate on the RWA track?

The reason for the hype on the RWA track may be related to BlackRock.

On March 21, BlackRock launched the tokenized fund BUIDL, which will subscribe to the fund through Securitize Markets, LLC to provide qualified investors with Opportunity to earn US dollars. BlackRock pays daily accrued dividends as new tokens directly into investors’ wallets. The fund invests 100% of total assets in cash, U.S. Treasuries, and repurchase agreements, allowing investors to earn income while holding tokens on the blockchain. Or for the first time, the price of ONDO has soared, with the weekly increase directly doubling.

In addition, this round of bull market It seems that the sector’s turn has not yet turned to DeFi. According to DeFi Llama data, between the beginning of 2022 and July 2023, the median DeFi return has increased from a low of 2% last year and currently stands at 3.24. But the yield is still low compared to Treasury yields, which currently sit at 4.22 on the 10-year Treasury market. And according to CME Fed Watch data, the Federal Reserve is likely to keep interest rates unchanged in the range of 5.25%-5.50% in May.

In the general risk aversion environment last year, institutions believed that DeFi yields provided mid-single digits The returns are too low for the associated risks. When large investors cannot generate enough income on the chain, bringing real-world income into DeFi is a feasible solution.

After the RWA concept gained popularity, following the meme hype craze, a RWA concept meme, ElonRWA, even appeared. ElonRWA is the first Elon meme coin tied to the RWA narrative, derived from a hand-drawn portrait of Musk. Bolstered by Musk's "wealth creation effect", ElonRWA has gained significantly, with a 24-hour increase of 80.51%.

RWA protocols worthy of attention

Realio Network

Realio Network was founded in 2018, formerly a company specializing in real estate private equity An end-to-end digital asset issuance and P2P trading platform for equity investment, headquartered in New York. Currently, Realio has established its own L1 blockchain network, developed based on the Cosmos SDK, and the mainnet was launched in April last year.

The Realio platform utilizes blockchain technology to provide a range of services, including tokenization, digital asset issuance and secondary market trading, with applications including realioVerse and upcoming The launched Freehold wallet will not only involve the real estate field in the future, but also securities. One of Realio’s unique features is a distributed key management system that helps ensure secure staking for validators and delegators.

Realio adopts the native dual-token proof-of-stake model, RIO and RST, with network staking, governance, key management and other functions. At the same time, Realio also launched LMX, a tokenized fund specializing in low-cost Bitcoin production.

Among them, RST is an equity token issued by Realio in cooperation with Algorand in 2020. It is sold as an Algorand standard asset (ASA) and has support with other Interoperability of blockchain and platform features such as RealioX. RST enjoys platform revenue distribution and can also be staked on Realio Network to earn validator rewards. Maximum supply of 50 million, sold through pre-sale and Security Token Offering product on the realio.fund platform.

RIO is the native gas and utility token of Realio Network. The maximum supply is 75 million. It is issued on multiple chains. It is currently issued on the Ethereum, Algorand and Stellar networks. There is no pre-release Mining, additional issuance through validator block rewards and liquidity mining. At the time of writing, RIO is trading at $2.04, a weekly gain of 140.9%.

twitter: https:/ /twitter.com/realio_network

Official website: https://realio.network/

Propchain

Propchain is a blockchain-based real estate token investment market that provides users with channels to invest in the global real estate market, as well as tools of various natures, sizes, and valuations. Propchain solves many of the problems real estate investors encounter in the traditional market. The platform continuously sources new properties and lists tokens after due diligence to ensure there is never a lack of investment options on the platform. It also guarantees the safety and security of the properties. Sustainability.

Propchain allows investors to invest with an investment threshold as low as €1,000. All properties are managed by Propchain’s property management team, and investors only need to collect rent from the properties. At the time of writing, PROPC is trading at $4.84, a weekly gain of 83.4%.

twitter: https:/ /twitter.com/PropChainGlobal

Official website: https://propchain.com/

AllianceBlock Nexera

AllianceBlock is an infrastructure provider for decentralized tokenized markets. It provides liquidity to businesses and allows them to compliantly issue, manage and trade tokenized digital assets, including RWAs. AllianceBlock’s tokenization technology enables institutions and businesses to develop compliant and efficient solutions.

AllianceBlock has launched Nexera, an NFT protocol built on current NFT standards with the ability to create mutable and composable NFTs called MetaNFTs.

MetaNFT is a third generation NFT that can have both mutable data and metadata to extend their functionality and allow them to be dynamic over time with new properties and restrictions develop. This makes MetaNFT an on-chain mutable storage entity that can interact with on-chain and off-chain data. MetaNFT broadly supports existing and emerging NFT standards, and allows developers to quickly adapt and integrate future standards.

MetaNFT can also automate the execution of loan terms between borrowers and lenders. Additionally, MetaNFT can power asset-backed lending platforms through the fragmentation of NFTs. That is, MetaNFT can use existing NFTs as collateral and split them into smaller NFT parts that can be sold or auctioned directly or through an NFT marketplace platform.

Nexera’s native token NXRA has a maximum supply of 850 million and currently supports running on Ethereum, BNB Smart Chain, Avalanche, Polygon and EnergyWeb Chain. At the time of writing, NXRA is trading at $0.28, with a weekly gain of 139.7%.

twitter: https:/ /twitter.com/allianceblock

Official website: https://allianceblock.io/

Plume network

Plume is a modular L2 blockchain dedicated to RWA that integrates asset tokenization and compliance providers directly into the chain. Plume hopes to simplify the complex process of risk-weighted asset project deployment and provide investors with a blockchain ecosystem. Through its DeFi application, Plume aims to enable composability of RWA-specific assets and provides connections to premium buyers to increase liquidity for all tokenized RWA.

Plume network team members come from major companies, including Coinbase, Robinhood, Layerzero, Binance, Galaxy Digital, Scale Venture Partners, dYdX, and more. Currently, Plume network has not issued coins, but there is a points program. Plume is currently deployed as L2 on the Ethereum Sepolia test network. You can receive test tokens, participate in Plume's test network, and complete tasks such as bridging to have a chance to receive airdrops.

twitter: https://twitter.com/plumenetwork

Official website: https://www.plumenetwork.xyz/

Polymesh

Polymesh is an institutional-grade permissioned blockchain built specifically for the RWA token. It incorporates governance, identity, compliance, confidentiality into the core of blockchain. All participants, whether token issuers, investors, node operators, must first pass decentralized KYC verification.

The Polymesh native token $POLYX layer is classified as a utility token by Swiss law. In April last year, Binance announced that it would become a node operator for Polymesh. At that time, POLYX rose by more than 10%. Currently, POLYX is also showing an upward trend. As of writing, the price of POLYX is $0.64, with a weekly increase of 219.1%.

twitter: https:/ /twitter.com/PolymeshNetwork

Website: https://polymesh.network/

Mineral

Mineral is the world’s first Inscription of the BRC-420 powered by Bitcoin mining RWA. Unlike many unsustainable DeFi 1.0 projects that rely on subsidies and liquidity lock-ins, Mineral introduces positive externalities from mining, creating a sustainable revenue-generating DeFi model.

Mineral can obtain Bitcoin by staking Mineral in L2, and can also obtain the native token MNER. The treasury will continue to increase its holdings of new RWA interest-bearing assets as the project develops. In addition, Mineral will cooperate with other projects also based on the BRC-420 environment, and in L2, one coin can be mined multiple times by staking Mineral inscriptions.

Through its designed native token MNER, it continues to consolidate value and RWA, and through high composability, opens up broad possibilities for cross-project cooperation, Implemented DeFi’s multiple flywheel design. MNER acts as a Mineral L2 Treasury token, backed by RWA, which is expressed as Bitcoin hash power. Over time, Treasury will benefit from continued net revenue from BTC mining and other RWA, revenue from cross-project collaborations, and enhanced net revenue from newly acquired RWA.

Twitter: https://twitter.com/mner_club

Official website: https://www.mner.club/

Galileo Protocol

Galileo Protocol is a tokenization platform that aims to transform the authentication and ownership of luxury goods and RWA. Galileo Protocol is focused on leveraging pNFTs as proof of ownership and authenticity, aiming to benefit luxury brands, businesses, individual collectors, and Metaverse users.

pNFT provides the traceability, immutability and security advantages of NFT, while abstracting much of the complexity involved in trading physical assets, allowing products to be All changes during the life cycle are recorded on pNFT. The protocol includes a mobile app for iOS and Android devices that enables users to verify luxury goods and manage their associated pNFTs. The application utilizes computer vision algorithms to analyze the physical characteristics of a luxury item and compares them to the metadata stored in its associated pNFT.

Additionally, Galileo Protocol provides a B2B tokenization platform for luxury brands and businesses to authenticate their products and track them through their supply chains. The platform allows businesses to quickly and easily create and manage pNFTs for their products, ensuring the authenticity of each item is accurately recorded on the blockchain.

Galileo Protocol will issue 150 million LEOX tokens, with an initial circulating supply of 28.9 million. At the time of writing, LEOX is trading at $1.34, with a weekly gain of 120.7%.

twitter: https:/ /twitter.com/galileoprotocol

Official website: https://www.galileoprotocol.io/

MANTRA

MANTRA Chain is an L1 blockchain built based on Cosmos SDK. It aims to become a network for mutual collaboration between enterprises, attracting enterprises and developers to build everything from NFT, games, metaverse to Any application such as compliant DEX. The first dApp on MANTRA Chain is MANTRA Finance, which aims to become a globally regulated DeFi platform, bringing the speed and transparency of DeFi to TradFi, allowing users to issue and trade RWA tokens.

On March 19, MANTRA announced the completion of US$11 million in financing, led by Shorooq Partners, Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, 280 Capital and others participated in the investment.

The new funds will be used to help MANTRA achieve three key goals: building compliant infrastructure, providing support to developers, and expanding the scope of the RWA tokenization project . At the time of writing, OM price is at $0.72, up 26.7% in 24 hours.