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
AgriDex Completes First Agricultural RWA Trade on Solana Blockchain
AgriDex, a Solana-based marketplace, has completed its first agricultural real world asset (RWA) trade involving the shipment of over 200 bottles of olive oil and cases of wine from South Africa to London. This initiative aims to tokenize various crops to reduce transaction costs and increase transparency in agricultural trade.
Deutsche Telekom Joins RWA-Focused XDC as Infrastructure Provider in Digital Asset Push
Deutsche Telekom’s subsidiary expands its Web3 services to the XDC Network, a blockchain focused on tokenized real world assets (RWA), trade finance, and decentralized physical infrastructure (DePin).
ETH L2 Lisk, Backed Finance Partner to Foster Real World Asset Adoption in Emerging Markets
Lisk and Backed Finance form a strategic partnership to accelerate real world asset (RWA) adoption in emerging economies, leveraging Lisk’s blockchain ecosystem and Backed’s RWA tokenization expertise.
BlackRock’s BUIDL Seeks 75% of Ethena’s $45 Million Reserve Fund for RWA Investment
Ethena plans to invest a portion of its reserves into tokenized US treasuries, with BlackRock’s BUIDL seeking 75% of Ethena’s $45 million reserve fund for real world asset (RWA) investment.
Polygon Sees Increased RWA Interest, Becomes Second to Ethereum
The Polygon network has experienced a significant increase in interest in real world assets (RWA), becoming the second most popular ecosystem after Ethereum. This growth aligns with a notable uptrend in Polygon’s native token, MATIC.
Crypto Market Dominated by Meme Coins, RWA, and AI in Q2 2024
The second quarter of 2024 saw meme coins, real world assets (RWA), and artificial intelligence (AI) dominate the crypto market, capturing 35.7% of the market share. Despite a 14.4% drop in market cap, Solana and Base remained popular ecosystems.
Bitrue Ventures Launches $40 Million Fund for Web3 Startups
Bitrue Ventures launches a $40 million investment fund to support web3 startups, focusing on sectors such as AI, real world asset (RWA) tokenization, GameFi, DePIN, and DeFi, with individual investments up to $200,000.
Jacob Guedalia on Jiritsu’s Role in the Future of Real World Asset Tokenization
Jacob Guedalia, Co-Founder and CEO of Jiritsu, discusses advancements and challenges in blockchain technology, focusing on real world asset (RWA) tokenization and striving for transparency and efficiency.
2）RWA Market Commentary
Despite a decline of 3% in the past week, the RWA narrative remains strong, ranking 4th in the market. The tokenization of real world assets continues to be a focal point, with significant developments and partnerships highlighting its potential.
Recent Developments in RWA:
- Deutsche Telekom’s subsidiary expanding its services to the XDC Network underscores the growing interest and investment in tokenized RWAs. This move aligns with XDC’s focus on trade finance and decentralized infrastructure.
- The partnership between Lisk and Backed Finance aims to foster RWA adoption in emerging markets. Leveraging Lisk’s blockchain and Backed’s tokenization expertise, this collaboration seeks to bring real world assets to underserved regions.
- Ethena’s plan to invest in tokenized US treasuries, with BlackRock’s BUIDL seeking a significant portion of the reserve fund, highlights institutional interest in RWAs. This move integrates traditional financial assets with blockchain, offering new investment opportunities.
- Polygon’s rise as the second most popular ecosystem for RWAs, after Ethereum, indicates strong market interest. The increased activity in Polygon’s network is reflected in the rising value of its native token, MATIC.
3）Narrative Overview
Top Performing narratives (Change in the last 7 days):
- Privacy: 20%
- Wallet: 6%
- DePIN: 6%
- RWA: -3%
RWA Index Ranking 4th
4）RWA Category Insights
Market Cap: $7B (-5%)
Top Gainers:
- XDC (+3%)
- TRVL (+1%)
- Parcl (+1%)
Market Cap Ranking:
- Ondo $ONDO
- Mantra $OM
- Pendle $PENDLE
5）Tokenized Assets Analytics
Private credit
- Active Loan Value: $8.5B
- Total Loans Value: $13.2B
- Total Loans: 1908
Tokenized Treasuries
- Total Value: $1.9B (+2%)
- Average Yield To Maturity: 4.94%
- Holders: 5,347
Stablecoins:
- Market Cap: $166B (2%)
- Monthly Transfer Volume: $1.2B (-38%)
- Monthly Active Addresses: 18.3M (-2%)
Conclusion
The Real World Assets (RWA) sector in blockchain is seeing notable growth and interest, despite a minor recent decline. Key developments include AgriDex’s agricultural trade on Solana, Deutsche Telekom’s expansion into the XDC Network, and strategic partnerships like Lisk and Backed Finance.
Institutional interest is highlighted by Ethena and BlackRock’s BUIDL initiative, while Polygon emerges as a significant player after Ethereum. With a market cap of $7.5 billion, RWAs are gaining traction, driven by increased transparency, reduced transaction costs, and integration with traditional financial assets.
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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