The Plumeberg News — 03.05.2024

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

Real-World Asset Tokenization Hits $8 Billion in TVL, Reports Messari — According to Messari, the total value locked in real-world asset tokenization has surged almost 60% since February, reaching nearly $8 billion. This growth reflects a market shift towards debt-based, high-yield investments, with significant increases in user engagement in sectors like carbon markets and real estate.

MAS-Regulated Digital Asset Custodian Propine Supports Fathom Dollar $FXD on XDC Network — MAS-regulated custodian Propine now supports the Fathom Dollar’s $FXD stablecoin, pegged to the US dollar and aimed at bridging the $5 trillion trade finance gap. This enhancement positions $FXD as a key player in real-world assets (RWA), leveraging blockchain to improve global trade finance operations.

Securitize Raises $47M in Funding Round Led by BlackRock — Real-world asset tokenization firm Securitize has closed a $47 million funding round led by BlackRock, the world’s largest asset manager. Other participants include Hamilton Lane, ParaFi Capital, and Tradeweb Markets.

BlackRock Sets New Standard in Tokenization of Real World Assets With BUIDL’s Success — BlackRock has surpassed Franklin Templeton’s Franklin OnChain US Government Money Fund in market cap, marking a significant step in integrating digital asset management with traditional financial systems.

Horizon Protocol Futures Testnet Launches — The new version of Horizon Protocol introduces an advanced Futures Account Management System, enabling features like conditional orders (limit, stop, take profit, stop loss) and multiple command execution system, enhancing trading efficiency.

CreataChain Receives Strategic Investment from Al Reem Fzco for RWA Marketplace — CreataChain has secured a significant investment from Al Reem FZCO to develop a state-of-the-art marketplace for real-world assets, signaling growing global interest in blockchain-based tokenization of assets like property and art.

Hedera Hashgraph’s HBAR Price Drops as BlackRock’s Influence in RWA Tokenization Declines — After BlackRock clarified their lack of direct involvement in deploying the ICS U.S. Treasury money market fund on Hedera’s blockchain, HBAR’s price trajectory has darkened significantly. It actually was a partnership between HBAR Foundation and Archax, the first FCA-regulated digital asset exchange and crypto broker.

Tokenized Asset Issuer Backed Raises $9.5M — Backed, a tokenized asset issuer, has raised $9.5 million in a funding round led by Gnosis, with participation from multiple firms, intensifying the competition in crypto’s RWA sector. Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic also participated in the fundraising round.

IOTA Joins as Strategic Partner at AIM Congress in Abu Dhabi — IOTA has partnered with AIM Congress, a premier investment platform in the Middle East, to showcase the potential of tokenizing real-world assets.

Emerging Trends in Tokenized Real-World Assets — As the drive to tokenize real-world assets continues, predictions suggest the RWA market could reach $16 trillion by 2030, representing about 10% of the global economy.

Top Real World Asset Tokens Post-Bitcoin Halving — Coin Gabbar highlights the top real-world asset-backed tokens to invest in post-Bitcoin halving, including $DOVU, $RVST, $SOIL, $MANTRA, which promise substantial transformations in crypto portfolios.

Franklin Templeton Enhances $380M Tokenized Treasury Fund — Franklin Templeton has enabled peer-to-peer token transfers for its $380 million tokenized money market fund, aiming to better integrate the fund into the digital asset economy for its $380 million tokenized money market fund, a key step to make the offering more interconnected to the broader digital asset economy similar to rivals.

2）RWA Market Commentary

The tokenization of real-world assets (RWAs) continues to evolve, marked by significant institutional engagements and technological advancements, despite a mixed performance in the broader RWA sector.

The total value locked (TVL) in tokenized real-world assets has reached nearly $8 billion, a 60% increase since February, underscoring a robust interest in integrating tangible assets with blockchain technology.

Institutional Influence and Investment

The recent $47 million funding round for Securitize, led by BlackRock, accentuates the growing confidence of major financial institutions in the potential of RWAs. This investment is a capital infusion plus a strategic alignment that could accelerate the adoption of blockchain in traditional asset management. Similarly, Propine’s support for the Fathom Dollar ($FXD) on the XDC Network enhances the credibility and functionality of stablecoins in bridging significant financial sectors like trade finance.

Market Dynamics and Challenges

Despite these advancements, the RWA sector has seen a -10% performance month-to-date, suggesting that the market is still grappling with volatility and regulatory uncertainties. The drop in Hedera Hashgraph’s HBAR price following misconceptions about BlackRock’s involvement highlights the market’s sensitivity to news and rumors within the blockchain ecosystem.

Looking Ahead

The drive to tokenize real-world assets is predicted to potentially reach a market cap of $16 trillion by 2030, which would represent about 10% of the global economy. This ambitious projection is supported by the continuous strategic partnerships and expansions, such as IOTA’s involvement with the AIM Congress in Abu Dhabi, aiming to showcase and harness the benefits of RWAs.

3) Narrative Overview

Top Performing narratives (MTD performance):

• NFTs: 3%
• CEXes: -5%
• Friendtech: -5.5%
• RWA: -10%

RWA Index Ranking 5th

4）RWA Category Insights

Market Cap: $6.5B (-0.7%)

Top Gainers:

• MetaZero (+16%)
• Carnomaly (+13%)
• Swarm markets (+8%)

Market Cap Ranking:

• Xend Finance $RWA
• XDC Network $XDC
• Wecoin $WECO

5）Tokenized Assets Analytics

Private credit

• Active Loan Value: $607M
• Total Loans Value: $4.4B
• Total Loans: 1875

Tokenized Treasures

• Total Value: $1.3B (+5.4%)
• Average Yield To Maturity: 5%
• Holders: 1,798

Stablecoins:

• Market Cap: $157B (-0.5%)
• Weekly Transfer Volume: $529 (+16%)
• Weekly Active Addresses: 1,272k (-5%)

Conclusion

We’re seeing big moves with big names like BlackRock and Securitize pumping serious cash into the game, pushing the boundaries of what’s possible with tokenizing real stuff — everything from dollars to buildings.

The market’s been a bit jittery, and not everyone’s feeling confident, especially with HBAR taking a tumble after some confusion around BlackRock’s moves.

Stay tuned for more updates, right here at Plumeberg News — because if it’s happening in RWAs, you’ll hear about it first from us.

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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