On March 26, according to coincko 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) increased by 97.3% in 24 hours; RIO (Realio Network) increased 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 have something to do with BlackRock.
On March 21, BlackRock launched the tokenized fund BUIDL, which will subscribe to the fund through Securitize Markets, LLC, providing qualified investors with the opportunity to earn U.S. dollar income. BlackRock pays daily accrued dividends as new tokens directly into investors’ wallets. The fund invests 100% of its 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.
Related Reading:ONDO doubled in a week, BlackRock’s entry once again ignited the RWA track》
In addition, it seems that the sector’s turn in this round of bull market still has not moved to DeFi. According to DeFi Llama data, between the beginning of 2022 and July 2023, the median DeFi return has increased from last years low of 2%, currently reaching 3.24. However, the yield is still lower than the yield on Treasury bonds. Currently, the market yield on the 10-year US Treasury bond is 4.22. 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.
Amid the prevailing risk-off environment last year, institutions believed that the mid-single-digit returns offered by DeFi yields were 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, which was derived from a hand-drawn portrait of Musk. Bolstered by Musks wealth creation effect, ElonRWA has seen significant gains, with a 24-hour increase of 80.51%.
RWA protocols worth paying attention to
Realio Network
Founded in 2018, Realio Network was formerly an end-to-end digital asset issuance and P2P trading platform focusing on real estate private 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 uses blockchain technology to provide a range of services, including tokenization, digital asset issuance and secondary market transactions. It provides applications including realioVerse and the upcoming Freehold wallet. In the future, it will not only be in the real estate field, but also in securities. One of Realio’s unique features is a distributed key management system that helps ensure secure staking for validators and delegators.
Realio adopts a 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 a tokenized fund LMX that specializes 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 interoperability with other supported blockchains and platform functions (such as RealioX). RST enjoys platform revenue distribution and can also be staked on Realio Network to earn validator rewards. The maximum supply is 50 million, sold through pre-sale and Security Token Offering products 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-mining. Additional issuance is through validator block rewards and liquidity mining. mine. As of the time of writing, RIOs price is $2.04, with a weekly increase 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 Propchains property management team, and investors only need to collect rent from the properties. As of the time of writing, the price of PROPC is $4.84, with a weekly increase 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 RWA. AllianceBlock’s tokenization technology enables institutions and businesses to develop compliant and efficient solutions.
AllianceBlock has launched the NFT protocol Nexera, which is built using current NFT standards and is capable of creating mutable and composable NFTs called MetaNFTs.
MetaNFTs are third-generation NFTs that can have both mutable data and metadata to extend their functionality and allow them to evolve dynamically over time with new properties and restrictions. This makes MetaNFT a mutable storage entity on the chain 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. In addition, MetaNFT can also 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, which can be sold or auctioned directly or through the NFT market platform.
The maximum supply of Nexeras native token NXRA is 850 million and currently supports running on Ethereum, BNB Smart Chain, Avalanche, Polygon and EnergyWeb Chain. As of writing, the price of NXRA is $0.28, with a weekly increase of 139.7%.
twitter：https://twitter.com/allianceblock
Official website: https://allianceblock.io/
Plume network
Plume is a modular L2 blockchain designed for 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 RWA-specific asset composability and provides connections to quality 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, etc. Currently, Plume network has not issued coins, but there is a points program. Plume is currently deployed on the Ethereum Sepolia test network as L2. You can receive test tokens, participate in Plumes test network, and complete tasks such as bridging to have the opportunity 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 the node operator of Polymesh. At that time, POLYX rose by more than 10%. Currently, POLYX is also showing an upward trend. As of the time of writing, the price of POLYX is US$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 BRC-420 powered by Bitcoin mining RWA. Unlike many unsustainable DeFi 1.0 projects that rely on subsidies and liquidity lock-in, Mineral introduces positive externalities from mining, creating a sustainable revenue-generating DeFi model.
Mineral obtains 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 its high degree of composability, it opens up broad possibilities for cross-project cooperation and realizes the multi-flywheel design of DeFi. MNER acts as the Mineral L2 Treasury token, supported by RWA, and is specifically expressed as Bitcoin computing 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 certification and ownership of luxury goods and RWA. Galileo Protocol focuses 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 all changes during the product life cycle to be 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. As of writing, the price of LEOX is $1.34, with a weekly increase of 120.7%.
twitter：https://twitter.com/galileoprotocol
Official website: https://www.galileoprotocol.io/
MANTRA
MANTRA Chain is an L1 blockchain built on the Cosmos SDK, aiming to become a network for mutual collaboration between enterprises, attracting enterprises and developers to build any application from NFT, games, metaverse to 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, with participation from Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, 280 Capital and others.
The new funding will be used to help MANTRA achieve three key goals: build compliant infrastructure, provide support to developers, and expand the scope of the RWA tokenization project. As of writing, the price of OM is $0.72, with a 24-hour increase of 26.7%.
twitter：https://twitter.com/MANTRA_Chain
Official website: https://www.mantrachain.io/
