The Plumeberg News offers weekly insights into the Real World Asset (RWA) sector, carefully curated by the Goonheads specifically for Plume goons.

Here is an overview of what the Plumeberg News will cover:

1. Weekly RWA Highlights
2. RWA Market Commentary
3. Narrative Overview
4. RWA Category Insights
5. Tokenized Assets Analytics

1）Weekly RWA Highlights

Zoth Raises $2.5 Million for Sustainable RWA-Backed Yields: Zoth has secured $2.5 million in a seed funding round led by Blockchain Founders Fund to create a stablecoin-powered RWA ecosystem in DeFi. Participants include Borderless Capital, Mindfulness Capital, and others, with a public $ZOTH token offering upcoming.

XDB CHAIN Launches CBPAY Airdrop and Partners with Utravel: XDB CHAIN has started a CBPAY Token Airdrop and announced a travel payments partnership with Coinbar and Utravel by Alpitour Group, aimed at enhancing RWA adoption.

Bitfinex Securities to Fund New Hilton Hotel with Tokenized Debt in El Salvador: Bitfinex Securities is issuing El Salvador’s first tokenized debt to fund a Hampton by Hilton hotel at the international airport.

‘Everything will be tokenized’ — Mantra Chain CEO: On Cointelegraph’s Hashing It Out, John Mullin from Mantra Chain explored the tokenization of real-world assets, discussing the potential and challenges of the technology.

POKE is the first meme coin giving away Real World Assets: Did you know sealed Pokémon has outperformed almost everything asset except crypto?

Obligate and Mikro Kapital Launch Bond Issuance on Coinbase’s Ethereum L2: Obligate and Mikro Kapital will issue digital bonds supporting SMEs in emerging markets on Base, Coinbase’s Ethereum L2 platform.

MakerDAO Expands Dai Debt Ceiling to $1 Billion: MakerDAO increased its Dai stablecoin’s debt ceiling to $1 billion for investments in Ethena’s USDe and sUSDe via Morpho Labs.

Ethena’s Tokenized Hedge Fund Draws Attention with 37% Yield: Ethena’s $USDe token, mimicking hedge-fund strategies, has attracted billions in investments, despite concerns over the sustainability of its high yields.

BlackRock’s BUIDL Fund Now Convertible to USDC Anytime: Circle has enabled 24/7 conversion of BlackRock’s BUIDL fund shares to USDC, enhancing liquidity and efficiency through smart contract technology.

2）RWA Market Commentary

This week, the tokenized asset market continued to gain momentum, despite a recent exploit highlighting security concerns.

The tokenized asset market is experiencing steady growth with real-world applications emerging. While the RWA narrative currently lags, Zoth’s funding, El Salvador’s project, and BlackRock’s involvement are positive signs.

Highlights:

• Funding Flows: Zoth’s $2.5 million raise and El Salvador’s first tokenized debt issuance for a Hilton hotel showcase investor confidence in RWA potential.
• Ecosystem Growth: CBPAY’s airdrop and XDB CHAIN’s travel industry partnership demonstrate real-world use cases for tokenized assets.
• Institutional Interest: BlackRock’s BUIDL fund convertibility to USDC reflects growing institutional adoption of tokenized assets.
• Mantra Chain’s Take: “Everything will be tokenized” sentiment highlights the long-term potential of the space.

Challenges:

• RWA Narrative: Despite overall market growth, the RWA narrative currently underperforms compared to sectors like LSD L2.
• Ethena’s High Yield: Ethena’s 37% yield, while attractive, raises questions about sustainability. Investors should be cautious of such high returns.

3）Narrative Overview

Top Performing narratives (MTD performance):

• Ordinals: 37%
• Account Abstraction: 18%
• LSD L2: 63%
• RWA -15%

RWA Index Ranking 7th

4）RWA Category Insights

Market Cap: $8.7B (-0.2%)

Top Gainers:

• CHEX (+38%)
• Propy (+24%)
• MANTRA (+11%)

Market Cap Ranking:

• Ondo $ONDO
• Mantra $OM
• Pendle $PENDLE

5）Tokenized Assets Analytics

Private credit

• Active Loan Value: $618M
• Total Loans Value: $4.5B
• Total Loans: 1857

Tokenized Treasures

• Total Value: $1.1B (+6.2%)
• Average Yield To Maturity: 5%
• Holders: 1,657

Stablecoins:

• Market Cap: $154B (+0.6%)
• Weekly Transfer Volume: $515B (-42%)
• Weekly Active Addresses: 790k (-43%)

Conclusion

This week’s edition of Plueberg, showcases a dynamic blend of growth opportunities and emerging challenges. The significant funding received by projects like Zoth and the pioneering tokenized debt initiatives in El Salvador underline a robust investor confidence in the potential of RWAs. Collaborations such as the CBPAY airdrop and partnerships within the travel industry signify an expanding utility of tokenized assets in practical, everyday applications.

However, alongside these promising developments, the sector faces significant hurdles. The sustainability of high yields, such as those offered by Ethena, invites scrutiny and caution among investors.

About Plume

Plume is the first modular L2 blockchain dedicated for all real world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Our mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.

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