Decentralized energy network Daylight is the first to use the Centrifuge Whitelabel service, aiming to simplify real-world asset tokenization.
The SPXA offering is the first blockchain-based index fund licensed by the S&P Dow Jones Indices.
Jürgen Blumberg, who spent over two decades at Goldman Sachs, Invesco and BlackRock heading ETF businesses, will focus on bridging DeFi and traditional finance.
Grove will receive a $1 billion allocation from DeFi lending giant Sky to invest in tokenized collateralized loan obligations.
Solana is gaining momentum in the fast-growing tokenized real-world asset space as traditional finance and DeFi gets increasingly intertwined.
Centrifuge V3 aims to unify real-world asset tokenization across blockchains, and is starting with the $230 million Janus Henderson Anemoy Treasury Fund.
Centrifuge V3 aims to unify real-world asset tokenization across blockchains, and is starting with the $230 million Janus Henderson Anemoy Treasury Fund.
Sky, formerly MakerDAO, announced last year its plan to allocate $1 billion of reserve assets in tokenized real-world asset products.
Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple objectives. Centrifuge Wants Polkadot To Invest $3 Million In T-Bills In their proposal, allocating the $3 million to T-Bill as an investment will benefit the broader ecosystem. Of note, it will help boost the long-term sustainability of the Polkadot Treasury. This is because the T-Bill pool will generate stable yields from real-world assets, thereby further increasing the financial health of the Treasury. Related Reading: Cardano Foundation Reports Massive Growth In These Key Metrics – ADA Price Soars 3% Though the funds will be from the foundation, Centrifuge argues that injecting the $3 million USDC into the T-Bill pool will help increase the network’s total value locked (TVL). Subsequently, this will also expand the Treasury’s assets. The foundation might consider investing in RWAs, as proposed by Centrifuge, as it could foster the growth of this technology within Polkadot, pushing adoption and growth as a result. Laying out their proposal, Centrifuge said if the foundation decides to invest, it would align with their previous investment in the Anemoy Liquid Treasury Fund. In turn, this may offer a unique opportunity for Polkadot to diversify and expand its investment basket. It is especially now that tokenization and RWA is picking up momentum. RWA Picking Up Steam, Will DOT Reverse Losses? BlackRock, one of the top asset managers in the world, is one of the leaders in tokenizing treasury bills. On Ethereum, the manager has launched BUIDL, a platform where institutions can invest in tokenized Treasury bills. As of September 10, BUIDL is the largest tokenized Treasuries provider, managing over $514 million, according to RWA.xyz. The proposal is so far garnering community support. Roughly a week before the decision, over 53% agreed with this proposal. However, some community members are expressing concerns. Related Reading: Ethereum Sees Massive Outflows from Derivatives: What Does This Mean For ETH? Most of them point to the potential risks and the negative implications of this on the network’s Treasury. One concern is that if this is approved, it could increase DOT spending requests, eventually depleting its reserves. While the prospect of RWA taking off in Polkadot is bullish, DOT is still under pressure. From the daily chart, DOT is down roughly 65% from March highs. It is also in a descending channel and retesting multi-month support. The primary support lies at around $3.5. On the upper end, resistance is at $5. A break above this line will lift sentiment, propelling the coin towards $6.5 in a buy trend continuation formation. Feature image from Unsplash, chart from TradingView
CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens.
The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows.