Real-world assets: tokenized funds, real estate, commodities and on-chain capital markets.
The trading platform eToro (ETOR) released its second-quarter earnings, revealing modest growth across several key metrics. The company’s assets under administration surged to $17.5 billion, a 54% increase from the same period last year, while the number of funded accounts grew by 14%. eToro also saw a significant increase in profitability, with adjusted net income … Read more
Pharos Network, a Layer-1 blockchain for real-world asset finance (RWAfi), has partnered with lending network Morpho to integrate institutional-grade lending capabilities into the RWA ecosystem. With over $9 billion in deposits, Morpho will bring its lending infrastructure to the Pharos mainnet, aiming to create more transparent and capital-efficient credit markets. According to Wish Wu, Co-Founder … Read more
Robinhood (HOOD) just announced an impressive second quarter, significantly exceeding Wall Street’s expectations as its strategic focus on crypto and international growth pays off. The popular trading platform reported a staggering 98% year-over-year increase in crypto trading revenue, reaching $160 million, up from $81 million in the same period last year. This surge was fueled … Read more
Binance, the world’s largest cryptocurrency exchange, has announced the launch of a new principal-protected Earn product called RWUSD. The product aims to provide users with returns that are benchmarked against Real-World Assets (RWAs), specifically tokenized U.S. Treasury Bills. Key Features of RWUSD RWUSD offers users an annual percentage rate (APR) of up to 4.2% and … Read more
While the broader crypto market has dropped over 5% this week, the Real World Asset (RWA) sector is proving its resilience. Unlike many struggling altcoins, the RWA market cap remains stable at around $49.8 billion, showing continued investor interest despite the market-wide downturn. Amid this strength, a few RWA tokens have posted solid gains, attracting … Read more
Dubai is taking a monumental leap in real estate innovation. The Dubai Land Department (DLD) has launched a pioneering Real Estate Tokenization Project, issuing property title deeds on the XRP Ledger (XRPL). This ambitious initiative will leverage Ripple’s institutional-grade custody technology, with Ctrl Alt serving as Ripple’s first major custody partner in the UAE, marking … Read more
Tokenized real-world assets (RWAs) are emerging as a breakout sector in the current market cycle, with their total on-chain value surging by 196% since January 2024, from $8.6 billion to $25.5 billion today. While Ethereum still holds the largest share of the RWA market on public networks, with over $7.7 billion, Solana is showing remarkable … Read more
Gates Inc., a prominent Japanese real estate investment company, has announced a groundbreaking $75 million tokenization project, aiming to revolutionize foreign access to Japan’s lucrative property market. The initiative, leveraging the Oasys blockchain, will initially focus on income-generating properties in Central Tokyo. This ambitious partnership between Gates and Oasys, a major blockchain platform, was confirmed … Read more
Latin America’s crypto landscape is taking a bold step forward. Mercado Bitcoin, one of the region’s largest cryptocurrency exchanges, announced plans to tokenize $200 million worth of real-world assets (RWAs) on the XRP Ledger (XRPL). The move aligns with the global surge in blockchain-based tokenization of traditional financial assets, despite evolving regulatory frameworks. According to … Read more
In a significant step towards converging traditional finance and the crypto world, Ondo Finance and Pantera Capital have announced a substantial $250 million allocation for real-world asset (RWA) investments, as reported by Axios. This capital is earmarked for both equity stakes and digital project tokens, with the core aim of bringing conventional securities like stocks, … Read more