Multicoin: RWA Will Amplify DeFi Value Capture, Privacy and Cross-Margin Become Key Infrastructure

Odaily reports: Multicoin Capital has published an article stating that bringing RWAs on-chain not only expands the scale of underlying assets but also further amplifies on-chain economic activity through financial demands such as spot trading, buybacks, hedging, and structured products.

Multicoin believes that the related value will be distributed across the entire DeFi tech stack, with L1/L2 benefiting from continuous financial state updates, core protocols such as exchanges, lending, interest rates, and options capturing fees, and DeFi-native prime brokers gaining value through cross-protocol collateral integration and trade execution.

Furthermore, as institutional block trades increase, privacy transactions and cross-margin will become key infrastructure. Solutions such as Renegade, Silhouette, and Zama are exploring ways to conceal trading intent, while cross-margin can reduce capital occupation through cross-asset netting.