News update.
Blackrock under the direction of new mayor of bitcoin has expanded their investments on 5 more networks. Arbitrum and Optimism are Ethereum layer 2, Polygon is a sidechain of Ethereum and Aptos, Avalanche are separate blockchains.
This is headshaking because Base is not included. Coinbase is the partner of Blackrock as custodian of the coins for Blackrock's ETF.
BlackRock, the Wall Street giant that ushered in Bitcoin ETFs earlier this year, is expanding its tokenised fund.
In a surprise, the asset management firm and Securitize, a tokenisation platform, said Wednesday that BlackRock’s USD Institutional Digital Liquidity Fund, or BUIDL, is launching on five additional blockchains: Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
Read in full https://www.dlnews.com/articles/defi/blackrock-expands-buidl-fund-to-five-more-blockchains/
Topic: The next trending storyline in DeFi might be RWA (Read 439 times)
I reckon from the speculation that Solana might become the no.2 blockchain in market capitalization, we read news similar to this article that mentions the new mayor of bitcoin and other banks on their new tokenized investment fund on Ethereum.
The pump that will happen on Ethereum might be very headshaking and frustrating for much of the investors of Solana hehehehehe.
Swiss bank UBS is launching a tokenized investment fund on Ethereum, becoming the latest titan of traditional finance to embrace public blockchains.
UBS follows BlackRock and Franklin Templeton, which have started tokenized funds backed by US Treasuries. Those funds are currently worth $530 million and $410 million, respectively, according to data from RWA.xyz.
UBS’ USD Money Market Investment Fund Token, or uMINT, will be backed by “money market instruments,” according to a news release Friday. It was not immediately clear whether US Treasury assets would be included.
Spokespeople for UBS did not immediately return DL News’ request for comment Friday.
Read in full https://www.dlnews.com/articles/markets/ubs-joins-blackrock-with-investment-fund-token-umint/
The pump that will happen on Ethereum might be very headshaking and frustrating for much of the investors of Solana hehehehehe.
Swiss bank UBS is launching a tokenized investment fund on Ethereum, becoming the latest titan of traditional finance to embrace public blockchains.
UBS follows BlackRock and Franklin Templeton, which have started tokenized funds backed by US Treasuries. Those funds are currently worth $530 million and $410 million, respectively, according to data from RWA.xyz.
UBS’ USD Money Market Investment Fund Token, or uMINT, will be backed by “money market instruments,” according to a news release Friday. It was not immediately clear whether US Treasury assets would be included.
Spokespeople for UBS did not immediately return DL News’ request for comment Friday.
Read in full https://www.dlnews.com/articles/markets/ubs-joins-blackrock-with-investment-fund-token-umint/
I am quite certain that much of the people who have begun posting in this forum have witnessed some developers that have created RWA projects in the cryptospace, however, all of them were not adopted and they have failed.
But similar to the success of Polymarket in the prediction markers sector, Augur the first prediction market in the cryptospace has also failed. Will we witness the first success of a project in the RWA sector with Agridex?
AgriDex, a Solana-based (SOL) real-world asset (RWA) marketplace that aims to bring agricultural goods to blockchain rails, has tapped stablecoin platform Bridge to make transactions cheaper and faster for agriculture businesses, the company told CoinDesk in an exclusive interview.
Integrating Bridge allows lower-cost onramp and offramp for buyers and sellers of agricultural commodities and products to use AgriDex as a cross-border payment and settlement venue using Circle's USDC (USDC) stablecoin on the Solana (SOL) network, said Henry Duckworth, co-founder and CEO of AgriDex.
On AgriDex, agricultural producers can list, execute and settle trades tracking the whole process within the platform. Trades are secured with non-fungible tokens (NFT) containing details of the transaction.
Read in full https://www.coindesk.com/business/2024/10/29/solana-based-rwa-platform-agridex-taps-stripes-bridge-to-lower-cost-for-agricultural-trade-settlements/
But similar to the success of Polymarket in the prediction markers sector, Augur the first prediction market in the cryptospace has also failed. Will we witness the first success of a project in the RWA sector with Agridex?
AgriDex, a Solana-based (SOL) real-world asset (RWA) marketplace that aims to bring agricultural goods to blockchain rails, has tapped stablecoin platform Bridge to make transactions cheaper and faster for agriculture businesses, the company told CoinDesk in an exclusive interview.
Integrating Bridge allows lower-cost onramp and offramp for buyers and sellers of agricultural commodities and products to use AgriDex as a cross-border payment and settlement venue using Circle's USDC (USDC) stablecoin on the Solana (SOL) network, said Henry Duckworth, co-founder and CEO of AgriDex.
On AgriDex, agricultural producers can list, execute and settle trades tracking the whole process within the platform. Trades are secured with non-fungible tokens (NFT) containing details of the transaction.
Read in full https://www.coindesk.com/business/2024/10/29/solana-based-rwa-platform-agridex-taps-stripes-bridge-to-lower-cost-for-agricultural-trade-settlements/
The "big boys" always get what they want I guess? It may not be in an instant because of the oppositions but they end up winning eh? The ETF would definitely open up more doors for the Ethereum ecosystem and RWA could be a huge beneficiary. If these big boys are already looking at tokenized securities then that is likely to happen.
Honestly, the community has been dealing with that problem of scaling and how many years has it been? It seems that even with that problem. And with the RWAs, we always get something new from the market and compared to NFTs, this is way better if utilized that much.
But after this, I think that we'll get to see another one again or we might see the recycle model of these projects coming from ICO/IEO/STOs. Who knows.
But after this, I think that we'll get to see another one again or we might see the recycle model of these projects coming from ICO/IEO/STOs. Who knows.
When there's hype, you can expect even "dead projects" to come back to life. Scaling would not be an issue if there's money to be made. Whales are the ones who dictate the rules of the game. Whereas now NFTs are popular, tomorrow they will be forgotten as people move on to the next big thing in crypto. RWAs, SBTs, and even AI-based tokens will take the crypto world by storm.
The craze will never end to be honest. You'd need to take advantage of the opportunity when it strikes to profit in return. As long as you don't spend everything you have into these risky digital assets, there should be nothing to worry about.
News update.
It appears that Blackrock's Larry Fink might already have a roadmap for their future investments in the cryptospace after the spot ETF for Bitcoin. This will be the tokenization of real world assets in Ethereum as already mentioned and an application for a spot ETF for Ethereum. Blackrock will put money to go inside the money then to produce more money hehehehe.
BlackRock CEO Larry Fink said today on CNBC that he sees value in having an Ethereum exchange-traded fund (ETF), fueling speculation a spot ETH ETF will trade next after the record-breaking launch of spot Bitcoin ETFs.
“I see value in having an Ethereum ETF,” Fink said in an interview Friday.
Fink said he believes all securities will be tokenized.
“These are just stepping stones towards tokenization,” he said, adding that the technology to tokenize everything already exists.
Source https://thedefiant.io/blackrock-ceo-larry-fink-sees-value-in-an-ethereum-etf
It appears that Blackrock's Larry Fink might already have a roadmap for their future investments in the cryptospace after the spot ETF for Bitcoin. This will be the tokenization of real world assets in Ethereum as already mentioned and an application for a spot ETF for Ethereum. Blackrock will put money to go inside the money then to produce more money hehehehe.
BlackRock CEO Larry Fink said today on CNBC that he sees value in having an Ethereum exchange-traded fund (ETF), fueling speculation a spot ETH ETF will trade next after the record-breaking launch of spot Bitcoin ETFs.
“I see value in having an Ethereum ETF,” Fink said in an interview Friday.
Fink said he believes all securities will be tokenized.
“These are just stepping stones towards tokenization,” he said, adding that the technology to tokenize everything already exists.
Source https://thedefiant.io/blackrock-ceo-larry-fink-sees-value-in-an-ethereum-etf
It's inevitably the future. RWAs are so much better than crappy NFTs with no real use cases (JPEGs, digital art, etc). Everything from Gold to Diamonds and Real Estate will be tokenized on the Blockchain. A good thing for ETH's long-term mainstream adoption. The only problem would be scaling, but that's something the community would need to discuss at a later time (L2 scaling is not a solution to all of ETH's problems).
Honestly, the community has been dealing with that problem of scaling and how many years has it been? It seems that even with that problem. And with the RWAs, we always get something new from the market and compared to NFTs, this is way better if utilized that much.But after this, I think that we'll get to see another one again or we might see the recycle model of these projects coming from ICO/IEO/STOs. Who knows.
I certainly think this latest Ethereum update stengthens my argument for the real world assets storyline which might begin on 2024 or 2025.
The Ethereum community has approved the ERC-3643 standard. This standard is the first-ever designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.
Source https://cryptobriefing.com/ethereum-community-approves-first-ever-compliant-tokenization-standard-erc-3643/
The Ethereum community has approved the ERC-3643 standard. This standard is the first-ever designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.
Source https://cryptobriefing.com/ethereum-community-approves-first-ever-compliant-tokenization-standard-erc-3643/
It's inevitably the future. RWAs are so much better than crappy NFTs with no real use cases (JPEGs, digital art, etc). Everything from Gold to Diamonds and Real Estate will be tokenized on the Blockchain. A good thing for ETH's long-term mainstream adoption. The only problem would be scaling, but that's something the community would need to discuss at a later time (L2 scaling is not a solution to all of ETH's problems).
I guess ETH will further solidify its position as the second-largest cryptocurrency in the world m. I wonder how other chains will catch up? Crypto land is full of surprises, so expect the unexpected. As long as "De-Fi" fulfills its mission of bringing "banking to the unbanked", nothing else matters. Just my thoughts
I certainly think this latest Ethereum update stengthens my argument for the real world assets storyline which might begin on 2024 or 2025.
The Ethereum community has approved the ERC-3643 standard. This standard is the first-ever designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.
Source https://cryptobriefing.com/ethereum-community-approves-first-ever-compliant-tokenization-standard-erc-3643/
The Ethereum community has approved the ERC-3643 standard. This standard is the first-ever designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.
Source https://cryptobriefing.com/ethereum-community-approves-first-ever-compliant-tokenization-standard-erc-3643/
@passwordnow. I would agree that the early investors on RWA are gamblers, however, if the inflow of fiat and stablecoins are increasing quickly from $5 billion total value locked to more than $500 billion total value locked, I reckon this would be a gamble that will give you a higher chance of winning if you are early.
I agree. I think this is the new trend that gambling is going to be. Maybe it's still in the early stages but this can only be accessed by those who have capital and expertise in the financial sector. I very much disagree. DeFi is open finance. I speculate that it will not only b Blackrock. There will be more institutions from traditional finance that will tokenize different types of RWA and they will be available for anyone who can run a metamask wallet to access DeFi. They expertise needed that you say might be the timing on when to buy or sell, very much similar to trading cryptocoins hehehehe.
RWA is short for real world assets. BlackRock CEO Larry Fink mentioned in an interview in the Fox news channel that they can create more tokenization of assets and securities. Similar to the other trending storylines of the past, the next big storyline might be for the tokenization of real world assets and there are platforms in DeFi being developed for this already.
https://coinmarketcap.com/view/real-world-assets/
Will some of these coins be 100x gems? Begin the research hehehe!
BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.
“We do believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said.
Read in full https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/
Maker is making big moves in RWA tokenization. Another angle that people are not considering is that with DAOs, people can join together and pool resources to invest in RWAs too. Like constitution DAO, where they tried to buy a copy of the US constitution together. I think there will be more of that kind of stuff, likely hosted on Q Blockchain or Ethereum with kali wrappr for legal protection. https://coinmarketcap.com/view/real-world-assets/
Will some of these coins be 100x gems? Begin the research hehehe!
BlackRock (BLK) CEO Larry Fink said crypto, specifically bitcoin (BTC), could revolutionize the financial system in an interview with Fox Business on Wednesday.
“We do believe that if we can create more tokenization of assets and securities – that’s what bitcoin is – it could revolutionize finance,” he said.
Read in full https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/
@passwordnow. Agreed, this is why it is called gambling, risk taking or speculating hehe. However, if Larry Fink mentions that they can see a future towards tokenization, we can be quite certain that inflows of funds will certainly go into protocols that implement RWA.
However, another speculation. Where and what blockchains would much of these RWA projects be created? I reckon some people from traditional finance already know.
Cathie Would
Cathie Wood’s Ark Invest joins VanEck in race for spot Ethereum ETF[/b]
Source https://www.dlnews.com/articles/snapshot/ark-invest-and-vaneck-file-for-ethereum-etf/
True. They are the ones that make the trend, it makes sense when there's something new and they're implementing that to make everyone FOMO. However, another speculation. Where and what blockchains would much of these RWA projects be created? I reckon some people from traditional finance already know.
Cathie Would
Cathie Wood’s Ark Invest joins VanEck in race for spot Ethereum ETF[/b]
Source https://www.dlnews.com/articles/snapshot/ark-invest-and-vaneck-file-for-ethereum-etf/
I agree. I think this is the new trend that gambling is going to be. Maybe it's still in the early stages but this can only be accessed by those who have capital and expertise in the financial sector. If blackrock says they will tokenize assets in the real world then get ready for major inflation. Because when it is made in the form of a token of course the price can be very high and if this tokenization becomes the future I think there will be a crash of FIAT.
I guess that they're able to introduce it not that easy to the market but soon, they're going to make it look like as if it's a new trend that people should be welcoming about. The edge of the companies that are known to the tech and finance industry are higher and better and that's why bbc is right that they're the ones who already aware of that possible trend that's about to come. Such a scenario may happen, but I do not think it will gain widespread and massive adoption. Considering the true value derived from such hard assets is the physical form, it should not be excessively digitalized. The contrasting problem is what difference it makes with assets that derive their value mainly from digital things/computations like Bitcoin. if it is built to make and own things easier, it would be dependant on the policy and regulation that governs the digitalization of assets, in which consumer protection is truly essential.
With governments eager to have control of everything, we should expect physical items to become a thing of the past. You see, it's much easier to restrict/conficate a person's digital possesions than physical ones. This, of course, would happen in a government-controlled "Blockchain network". CBDCs are right around the corner, so it might not be long enough before digitized RWAs become a big hit.
Indeed, people seek conveniences, this will also help people who prefer digitalized things. However, your scenario assumed that the governments have extremely high public trust. In that way, it is very likely most people are using digitized RWAs. But if public perception of the government is low or mediocre, I doubt most people would willingly trade the real asset/commodity with a digitalized version. Certainly, as I said before, a high public trust also means they do have a strong policy and regulation specifically concerning consumer protection. It is because, essentially, a digitalized RWA is a kind of IOU to the government or the centralized entity governing that.
@passwordnow. I would agree that the early investors on RWA are gamblers, however, if the inflow of fiat and stablecoins are increasing quickly from $5 billion total value locked to more than $500 billion total value locked, I reckon this would be a gamble that will give you a higher chance of winning if you are early.
I agree. I think this is the new trend that gambling is going to be. Maybe it's still in the early stages but this can only be accessed by those who have capital and expertise in the financial sector. If blackrock says they will tokenize assets in the real world then get ready for major inflation. Because when it is made in the form of a token of course the price can be very high and if this tokenization becomes the future I think there will be a crash of FIAT.
@passwordnow. Agreed, this is why it is called gambling, risk taking or speculating hehe. However, if Larry Fink mentions that they can see a future towards tokenization, we can be quite certain that inflows of funds will certainly go into protocols that implement RWA.
However, another speculation. Where and what blockchains would much of these RWA projects be created? I reckon some people from traditional finance already know.
Cathie Would
Cathie Wood’s Ark Invest joins VanEck in race for spot Ethereum ETF[/b]
Source https://www.dlnews.com/articles/snapshot/ark-invest-and-vaneck-file-for-ethereum-etf/
However, another speculation. Where and what blockchains would much of these RWA projects be created? I reckon some people from traditional finance already know.
Cathie Would
Cathie Wood’s Ark Invest joins VanEck in race for spot Ethereum ETF[/b]
Source https://www.dlnews.com/articles/snapshot/ark-invest-and-vaneck-file-for-ethereum-etf/
@passwordnow. I would agree that the early investors on RWA are gamblers, however, if the inflow of fiat and stablecoins are increasing quickly from $5 billion total value locked to more than $500 billion total value locked, I reckon this would be a gamble that will give you a higher chance of winning if you are early.
Yup, that's true and it's always the first risk-takers that get to have those profits but of course, there's the possibility that they get nothing. I didn't know that there's much locked value on it and that's for sure going to be provide liquidity if some companies have already started in doing so.
@passwordnow. I would agree that the early investors on RWA are gamblers, however, if the inflow of fiat and stablecoins are increasing quickly from $5 billion total value locked to more than $500 billion total value locked, I reckon this would be a gamble that will give you a higher chance of winning if you are early.
I agree, that it has become different today and just like the AI trend there have been those type of projects before but wasn't noticed because the focus were not on those. I guess they were saved for today's time and when we seem to run out with new ideas, they're going to come in. Who knows if they're going to be the next trend and maybe by next year when the market is about to get back to its former shape, the new ideas will come again such as RWA and there might be a smooth transition for its introduction.
The difference on who will implement the next RWA storylines is it will not be the hustlers and the clowns in the cryptospace. It will be the rulers and the real criminals from traditional finance hehehe. They will bring their trillions and tokenize anything that could be sold to retirement funds and pension funds.
It's gonna be like another trial and error for them for sure, as it goes from the pros in the finance.
CBDCs are right around the corner, so it might not be long enough before digitized RWAs become a big hit.
Possible that they will be a thing together when the bull run comes, it's like we always need something to push the market up. @passwordnow. It did not get much attention on 2017 because the cryptospace did not have enough of the infrastructure it presently has today. Also, the interest from traditional finance was only limited towards bitcoin, altcoins and their ICO scamcoins. The cryptospace today is very different and certainly much more ready to accomodate tokenization of real world assets and securities.
I agree, that it has become different today and just like the AI trend there have been those type of projects before but wasn't noticed because the focus were not on those. I guess they were saved for today's time and when we seem to run out with new ideas, they're going to come in. Who knows if they're going to be the next trend and maybe by next year when the market is about to get back to its former shape, the new ideas will come again such as RWA and there might be a smooth transition for its introduction.The difference on who will implement the next RWA storylines is it will not be the hustlers and the clowns in the cryptospace. It will be the rulers and the real criminals from traditional finance hehehe. They will bring their trillions and tokenize anything that could be sold to retirement funds and pension funds.
Such a scenario may happen, but I do not think it will gain widespread and massive adoption. Considering the true value derived from such hard assets is the physical form, it should not be excessively digitalized. The contrasting problem is what difference it makes with assets that derive their value mainly from digital things/computations like Bitcoin. if it is built to make and own things easier, it would be dependant on the policy and regulation that governs the digitalization of assets, in which consumer protection is truly essential.
With governments eager to have control of everything, we should expect physical items to become a thing of the past. You see, it's much easier to restrict/conficate a person's digital possesions than physical ones. This, of course, would happen in a government-controlled "Blockchain network". CBDCs are right around the corner, so it might not be long enough before digitized RWAs become a big hit.
Expect digitized RWAs to develop on decentralized public blockchain networks, before they migrate to centralized blockchain networks (controlled by central banks and governments). This so-called "De-Fi" is nothing but "experimental grounds" of what's coming next. Who knows what the future holds for our society? Just my thoughts
Jump to: