Aquarius

The Rediscovery of RWA — The On-Chain Rebirth of Traditional Assets

This article was published by Aquarius Capital in conjunction with Klein Labs. Introduction Since 2024, Real-World Assets (RWA) have reemerged as one of the core narratives in the crypto market. From stablecoins to U.S. Treasuries, and even experimental stocks and non-standard assets, the on-chain transformation of real-world assets is transitioning from a validation phase to an expansion phase. This shift is driven not only by technological maturity but also by a clearer global regulatory en...

Strong faith after: why Sui still has long-term growth potential

This article was published by Aquarius Capital in conjunction with Klein Labs, with special thanks to eco-projects especially NAVI Protocol and Bucket Protocol and Comma3 Ventures for their technical guidance and support during the research process. TL;DRThe Cetus vulnerability originates from the contract implementation, not the SUI or Move language itself: This attack is rooted in the lack of boundary checks on the arithmetic functions in the Cetus protocol - a logical vulnerability caused ...

Fortress Initiative Launches Comprehensive Liquidity Management Security Framework to Set New Industry Benchmarks

New York City, New York – March 12, 2025 – Nano Labs, SlowMist, and Aquarius are proud to announce the launch of the Fortress Foundation and its inaugural initiative, the Fortress Initiative—a Liquidity Management Security Design Framework and Process Audit Standards designed to set new benchmarks for security and transparency in the cryptocurrency Liquidity Management sector. This initiative delivers detailed guidelines for securing Liquidity Management protocols and establishes practices fo...

[Research] Technical Breakdown of Real-World Asset (RWA) Tokenization Mechanisms

Tokenized real-world assets (RWAs) are digital tokens recorded on a blockchain that represent ownership or legal rights to physical or intangible assets. The scope of tokenization spans a wide range of asset classes, including real estate (residential, commercial properties, and REITs), commodities (gold, silver, oil, and agricultural products), art and collectibles (high-value artworks, rare stamps, and vintage wines), intellectual property (patents, trademarks, and copyrights), and financia...

[Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part I)

Convertible BondConvertible bonds are hybrid financial products that incorporate features of both debt and equity. Issuers raise capital through bond sales, offering periodic interest payments and a fixed maturity date. Investors, in turn, have the option to convert the bonds into equity shares at a predetermined conversion rate.The convertible market has experienced significant growth recently. This year's convertible debt issuance is expected to reach $70-$80 billion—40% higher than in...