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:
- Weekly RWA Highlights
- RWA Market Commentary
- Narrative Overview
- RWA Category Insights
- Tokenized Assets Analytics
1）Weekly RWA Highlights
XRPL Welcomes Tokenized U.S. Treasury Bills with OpenEden
On August 1, OpenEden integrated tokenized U.S. Treasury bills (T-bills) onto the XRP Ledger (XRPL). T-bills are short-term debt securities issued by the U.S. Treasury to fund public projects and manage national debt, with maturities ranging from a few days to one year.
BlackRock’s Tokenized Fund Distributes $7M in Dividends Since March
BlackRock’s tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL) has paid $7 million in dividends since its launch in March 2024. The fund, which holds U.S. Treasury Bills, cash, and repurchase agreements, has shown steady growth in dividend payouts each month.
OKX Ventures and Aptos Foundation Launch $10 Million Innovation Fund
OKX Ventures and the Aptos Foundation have introduced the Ankaa fund, a $10 million initiative to support projects within the Aptos blockchain ecosystem. This fund aims to bridge DeFi and traditional finance, focusing on AI, Real World Assets (RWA), and GameFi sectors.
Scottie Pippen to Tokenize Iconic NBA Basketball
Scottie Pippen is launching Game5Ball, a platform to tokenize the basketball from the pivotal fifth game of the Chicago Bulls’ 1991 NBA title. This project, set to launch on August 1st, will utilize Ethereum’s blockchain to bring this iconic sports memorabilia into the digital realm.
Tokenized Real World Assets: A Solution for Sustainability
Tokenizing real world assets (RWAs) like real estate, art, and commodities can increase liquidity, security, and transparency in traditional financial markets. The RWA market has grown to $8 billion in total value locked (TVL) this year, with applications promoting sustainability.
Join Three Protocol’s AMA on No-KYC, Fraud-Resistant eCommerce Marketplaces
Discover how Three Protocol is using Zero-Knowledge Proof (ZKP) technologies to create fraud-resistant eCommerce marketplaces. Learn about their Neural Network AI and ZKi3’s for building reputational scores based on transactional reviews.
2）RWA Market Commentary
The Real World Asset (RWA) sector is evolving rapidly, merging traditional finance with blockchain technology.
- OpenEden’s integration of tokenized U.S. Treasury bills (T-bills) onto the XRP Ledger (XRPL) exemplifies how blockchain can democratize access to traditionally exclusive financial instruments, enhancing liquidity and transparency.
- BlackRock’s success with its tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL) showcases the stability and innovation of combining traditional assets with blockchain efficiencies. The fund’s consistent dividend payouts highlight its robustness and appeal to investors, suggesting a path for more financial institutions to adopt tokenized assets.
- The Ankaa fund by OKX Ventures and Aptos Foundation emphasizes bridging decentralized finance (DeFi) with conventional finance. By focusing on AI, RWAs, and GameFi, this initiative highlights blockchain’s transformative potential in traditional finance.
- Three Protocol’s use of Zero-Knowledge Proof (ZKP) technologies for fraud-resistant eCommerce marketplaces illustrates blockchain’s practical applications in enhancing security and trust in online transactions.
3）Narrative Overview
Top Performing narratives:
- Derivatives: 3%
- LRT: 1%
- Appchain: 0%
- RWA: 2%
RWA Index Ranking 3rd
4）RWA Category Insights
Market Cap: $7B (-5%)
Top Gainers:
- MANTRA (+7%)
- Credifi (+7%)
- LandX (+7%)
Market Cap Ranking:
- Ondo $ONDO
- Mantra $OM
- Pendle $PENDLE
5）Tokenized Assets Analytics
Private credit
- Active Loan Value: $8.5B
- Total Loans Value: $13.4B
- Total Loans: 1908
Tokenized Treasuries
- Total Value: $1.9B (+3%)
- Average Yield To Maturity: 4.95%
- Holders: 5,435
Stablecoins:
- Market Cap: $183B (1%)
- Monthly Transfer Volume: $1.5B (-21%)
- Monthly Active Addresses: 17.4M (-7%)
Conclusion
Notable initiatives like the $10 million Ankaa fund by OKX Ventures and Aptos Foundation, Scottie Pippen’s Game5Ball project, and Three Protocol’s advancements in fraud-resistant eCommerce marketplaces highlight the diverse and expanding applications of RWAs.
The sector’s ability to enhance liquidity, security, and transparency is further evidenced by the growing total value locked (TVL) of $8 billion and the increasing use of tokenized assets for sustainability.
The RWA sector is poised for continued evolution and adoption, driven by strategic partnerships, institutional interest, and the integration of innovative blockchain solutions.
About Plume
Plume is the first fully integrated and modular chain focused on RWAfi. We’ve built a composable, scalable ecosystem that supports the seamless onboarding of all types of real world assets, from equities to private credit and beyond. With our end-to-end tokenization engine, over 170 projects are building on Plume’s infrastructure, simplifying compliance and capital management to help projects scale globally.
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