
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...
![Cover image for [Research] A Deep Dive into Parallel EVM and Its Landscape](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/8d738debb7c8ac09ba70cfecd61d8d63872d78e0e393adf88eb2d3074c0de1d4.png)
[Research] A Deep Dive into Parallel EVM and Its Landscape
Contexts: EVMEVM vs. SolidityWriting smart contracts is a fundamental skill for blockchain developers. Engineers can use Solidity or other high-level languages to implement business logic. However, EVM cannot directly interpret Solidity; it requires compilation into a low-level language (opcode/bytecode) that the virtual machine can execute. Tools exist to automate this translation, relieving developers of the need to understand the compilation process. Translation introduces overhead, but en...
![Cover image for [Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part…](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/ab017faccb36a4472eabd2a2e9cc7b27a93ee6e6a4e6b34491aa187215f880e6.png)
[Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part…
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...
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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...
![Cover image for [Research] A Deep Dive into Parallel EVM and Its Landscape](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/8d738debb7c8ac09ba70cfecd61d8d63872d78e0e393adf88eb2d3074c0de1d4.png)
[Research] A Deep Dive into Parallel EVM and Its Landscape
Contexts: EVMEVM vs. SolidityWriting smart contracts is a fundamental skill for blockchain developers. Engineers can use Solidity or other high-level languages to implement business logic. However, EVM cannot directly interpret Solidity; it requires compilation into a low-level language (opcode/bytecode) that the virtual machine can execute. Tools exist to automate this translation, relieving developers of the need to understand the compilation process. Translation introduces overhead, but en...
![Cover image for [Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part…](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/ab017faccb36a4472eabd2a2e9cc7b27a93ee6e6a4e6b34491aa187215f880e6.png)
[Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part…
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...
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Kenyan citizens will soon be able to authenticate their identities through iris and fingerprint scans when conducting transactions under a new digital ID system. President William Ruto announced on Monday that the government is currently piloting this digital identification system, with plans to make it available to the general public by December.
“The digital ID, which has been a major problem for us for a very long time, is now in testing mode for the next two months. I have been assured by all the stakeholders and the ministries concerned that by December 2023, we will be able to launch digital IDs,” Ruto stated during the launch of the East Africa Device Assembly Kenya plant in Athi River, Machakos County.
This move comes on the heels of a recent parliamentary committee recommendation to expel the WorldCoin cryptocurrency identity project from Kenya, citing it as an act of espionage and a threat to statehood. WorldCoin faced backlash for registering Kenyan citizens by scanning their irises to collect identity information.
The activities of WorldCoin stirred controversy in Kenya, with government agencies and civilians asserting that the company had no right to acquire Kenyans’ data. Concerns were also raised about the safety of the collected data. It remains to be seen what data protection measures the Kenyan government has put in place for the upcoming voluntary digital identity scheme.
This digital ID system is being introduced alongside Maisha Namba, a replacement for the previous Huduma Namba program based on blockchain. Huduma Namba was suspended in 2021 due to concerns about data protection guarantees. Maisha Namba will serve as a unique personal identification number assigned to Kenyan citizens upon registration, typically at birth, and will serve as their lifelong personal identity reference from birth to death.
Moreover, Maisha Namba will function as a Personal Identification Number (PIN) for accessing various government services, including Kenya Revenue Authority (KRA), National Social Security Fund (NSSF), National Hospital Insurance Fund (NHIF), and National Education Management Information System (NEMIS) throughout a citizen’s lifetime.
The digital ID will be a digital representation of an individual, organization, or device, encompassing personal attributes, credentials, and authentication information. The Maisha card will essentially be a third-generation ID, replacing the current second-generation ID. It will include enhanced security features, such as a microprocessor electronic chip with encrypted data, making forgery and manipulation nearly impossible.
Disclaimer: This post is for general informational purposes only and does not constitute investment advice, recommendations, or a solicitation to buy or sell any securities. It should not be used as the basis for making any investment decision and should not be relied upon for accounting, legal, tax advice, or investment recommendations. You are encouraged to consult your own advisers regarding legal, business, tax, or other related matters concerning any investment decisions. Certain information included here may have been obtained from third-party sources, including portfolio companies of funds managed by Aquarius. The opinions expressed in this post are those of the authors and do not necessarily reflect the views of Aquarius or its affiliates. These opinions are subject to change without notice and may not be updated.
Kenyan citizens will soon be able to authenticate their identities through iris and fingerprint scans when conducting transactions under a new digital ID system. President William Ruto announced on Monday that the government is currently piloting this digital identification system, with plans to make it available to the general public by December.
“The digital ID, which has been a major problem for us for a very long time, is now in testing mode for the next two months. I have been assured by all the stakeholders and the ministries concerned that by December 2023, we will be able to launch digital IDs,” Ruto stated during the launch of the East Africa Device Assembly Kenya plant in Athi River, Machakos County.
This move comes on the heels of a recent parliamentary committee recommendation to expel the WorldCoin cryptocurrency identity project from Kenya, citing it as an act of espionage and a threat to statehood. WorldCoin faced backlash for registering Kenyan citizens by scanning their irises to collect identity information.
The activities of WorldCoin stirred controversy in Kenya, with government agencies and civilians asserting that the company had no right to acquire Kenyans’ data. Concerns were also raised about the safety of the collected data. It remains to be seen what data protection measures the Kenyan government has put in place for the upcoming voluntary digital identity scheme.
This digital ID system is being introduced alongside Maisha Namba, a replacement for the previous Huduma Namba program based on blockchain. Huduma Namba was suspended in 2021 due to concerns about data protection guarantees. Maisha Namba will serve as a unique personal identification number assigned to Kenyan citizens upon registration, typically at birth, and will serve as their lifelong personal identity reference from birth to death.
Moreover, Maisha Namba will function as a Personal Identification Number (PIN) for accessing various government services, including Kenya Revenue Authority (KRA), National Social Security Fund (NSSF), National Hospital Insurance Fund (NHIF), and National Education Management Information System (NEMIS) throughout a citizen’s lifetime.
The digital ID will be a digital representation of an individual, organization, or device, encompassing personal attributes, credentials, and authentication information. The Maisha card will essentially be a third-generation ID, replacing the current second-generation ID. It will include enhanced security features, such as a microprocessor electronic chip with encrypted data, making forgery and manipulation nearly impossible.
Disclaimer: This post is for general informational purposes only and does not constitute investment advice, recommendations, or a solicitation to buy or sell any securities. It should not be used as the basis for making any investment decision and should not be relied upon for accounting, legal, tax advice, or investment recommendations. You are encouraged to consult your own advisers regarding legal, business, tax, or other related matters concerning any investment decisions. Certain information included here may have been obtained from third-party sources, including portfolio companies of funds managed by Aquarius. The opinions expressed in this post are those of the authors and do not necessarily reflect the views of Aquarius or its affiliates. These opinions are subject to change without notice and may not be updated.
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