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RWA is a fungible or non-fungible token that represents traditional financial assets on the blockchain. RWA can represent both tangible assets (such as real estate) and intangible assets (such as government bonds and carbon credits).
RWA has become the second most popular narrative in this cycle, second only to Solana Memecoin. Forecasts show that by 2030, the market size of RWA may reach $10 trillion.
BlackRock is involved in RWA, and 15 RWA track potential projects are listed at a glance
RWA covers almost all assets in the real world that can play a key role, such as:
Commodities
Real Estate
Treasury Bonds
Insurance
BlackRock is involved in RWA, and 15 RWA track potential projects are listed at a glance
BlackRock recently launched the first tokenized asset fund BUIDL on the Ethereum network. Financial institutions have invested heavily in tokenization, which is good for the entire crypto market. And Coinbase has been selected as a key infrastructure provider. With the joint efforts of BlackRock and Coinbase, the RWA field may be completely changed.
There is no doubt that the RWA space has huge potential that can be fully released in 2024-2025. Crypto KOL ardizor has taken stock of 15 "most promising" projects that have the potential to become market leaders by the end of this year.
Goldfinch
Goldfinch is a decentralized credit protocol that initially targets emerging markets.
The project is able to provide capital providers with a return on investment while also providing crypto loans to creditworthy applicants who do not need to lock up crypto as collateral.
The project is able to provide capital providers with a return on investment while also providing crypto loans to creditworthy applicants without collateral.
Key Metrics:
Token: GFI
FDV: $236.3 million
Unlocked: 60.9% of total supply
Clearpool
The Clearpool Protocol is a decentralized capital market ecosystem where institutional borrowers aim to obtain unsecured loans directly from the DeFi ecosystem.
The Clearpool Protocol is built on the Ethereum and Polygon blockchains.
Key Metrics:
Token: CPOOL
Market Cap: $87.5M
FDV: $195.4M
Unlocked: 44.7% of Total Supply
Ondo Finance
Ondo’s mission is to make institutional-grade financial products and services accessible to everyone.
Ondo is building the next generation of financial infrastructure to improve market efficiency, transparency, and accessibility.
Key Metrics:
Token: ONDO
Market Cap: $1.18B
FDV: $8.2B
Unlocked: 14.3% of Total Supply
Nexera Foundation
Nexera is empowering the future of finance through cutting-edge open source innovation. The project uses blockchain technology to facilitate on-chain and off-chain operations and simplify digital, financial, and RWA management.
Key Metrics:
Token: NXRA
Market Cap: $189M
FDV: $203M
Unlocked: 93.1% of Total Supply
Polytrade
Polytrade is a blockchain-based decentralized trade finance protocol designed to connect buyers, sellers, insurers, and investors to provide a seamless trading experience.
Key Metrics:
Token: TRADE
Market Cap: $52.7M
FDV: $167.5M
Unlocked: 32.5% of Total Supply
Creditcoin
Creditcoin is a foundational L1 blockchain designed to match and record credit transactions.
Key Metrics:
Token: CTC
Market Cap: $271M
FDV: $507M
Unlocked: 53.4% of Total Supply
Dusk
Dusk Network is a privacy-focused blockchain designed for financial platforms. Dusk Network provides regulated and decentralized financial services such as financing and trade automation through smart contracts.
Key Metrics:
Token: DUSK
Market Cap: $197M
FDV: $215M
Unlocked: 91.6% of Total Supply
IX Swap
IX Swap is a DeFi platform that trades security tokens and RWAs through licensed custodians and brokers. The IX ecosystem includes security token exchanges, crowdfunding launchpads, tokenization-as-a-service, and sharded NFT platforms.
Key Metrics:
Token: IXS
Market Cap: $71.5M
FDV: $78.7M
Unlocked: 90.8% of Total Supply
Grand Base
Grand Base is a decentralized spot synthetic RWAs market designed to provide exposure to RWAs without holding the actual underlying assets.
Key Metrics:
Token: GB
Market Cap: $37.6M
FDV: $180M
Unlocked: 20.8% of Total Supply
Swarm
Swarm Markets enables institutional investors such as banks and hedge funds, as well as retail investors, to trade and hold tokens based on a variety of real-world assets, such as commodities and traditional market securities, as well as cryptocurrencies.
Key Metrics:
Token: SMT
Market Cap: $41.7M
FDV: $166M
Unlocked: 25.1% of Total Supply
Chintai Nexus
Chintai Nexus provides comprehensive solutions for responsible digital assets and utility tokens. The Chintai Nexus platform seamlessly connects decentralized finance and traditional finance through compatible blockchain technologies.
Key Metrics:
Token: CHEX
Market Cap: $198.7M
FDV: $198.7M
Unlocked: 100% of Total Supply
Realio
Realio is a digital issuance, investment, and peer-to-peer trading platform that leverages a proprietary distributed network to issue and connect centralized ecosystems.
It’s like a full Web3 ecosystem for RWA.
Key Metrics:
Token: RIO
Market Cap: $11M
FDV: $92.6M
Unlocked: 11.8% of Total Supply
Boson Protocol
The Boson Protocol is a decentralized commercial layer for Web3 that enables the tokenization, transfer, and trading of physical objects as redeemable NFTs.
Key Metrics:
Token: BOSON
Market Cap: $61.1M
FDV: $107M
Unlocked: 60.3% of Total Supply
Xend Finance
Backed by Binance Labs and Google Launchpad, Xend Finance is at the forefront of financial innovation, bridging the gap between traditional finance (TradFi) and DeFi.
Key Metrics:
Token: RWA
Market Cap: $15M
FDV: $26.7M
Unlocked: 55.4% of Total Supply
Opulous
Opulous democratizes music financing while strengthening the connection between artists and fans, creating a more fair and supportive music economy.
Key Metrics:
Token: OPUL
Market Cap: $96M
FDV: $118M
Unlocked: 81.3% of Total Supply