🚀#RWA are the fastest growing assets in #DeFi 😀 : Galaxy Digital
Real estate, bonds and tokenized stocks expand on the networks of #criptomonedas .
Real-world assets (RWAs), tokenized on cryptocurrency networks, are emerging as the fastest-growing asset category in the world of decentralized finance (or DeFi).
So far in 2023, the total value locked (#TVL ) in RWA—that is, how much money is in these financial products—has almost doubled. It started the year at 1.44 billion dollars and reached 2.5 billion dollars until the 30th of last month. This is shown in a report by the investment company, Galaxy Digital.
RWAs are the product of the process of converting rights to a tangible or intangible asset into a digital token on a cryptocurrency network. These can be company stocks, bonds, precious metals, oil, national currencies, or real estate, among others.
This dizzying expansion of RWA finds its impetus in the “tectonic” changes in the macroeconomic context, notes Galaxy Digital and adds:
“While yield opportunities on cryptocurrency networks were historically driven by new token issuance, and traditional yields were close to zero, now rising interest rates coupled with a bear market in cryptoassets has increased the attractiveness of traditional instruments, such as US Treasury bonds and private credit.”
#CryptoCriss77 $BTC $ETH $BNB
Real estate, bonds and tokenized stocks expand on the networks of #criptomonedas .
Real-world assets (RWAs), tokenized on cryptocurrency networks, are emerging as the fastest-growing asset category in the world of decentralized finance (or DeFi).
So far in 2023, the total value locked (#TVL ) in RWA—that is, how much money is in these financial products—has almost doubled. It started the year at 1.44 billion dollars and reached 2.5 billion dollars until the 30th of last month. This is shown in a report by the investment company, Galaxy Digital.
RWAs are the product of the process of converting rights to a tangible or intangible asset into a digital token on a cryptocurrency network. These can be company stocks, bonds, precious metals, oil, national currencies, or real estate, among others.
This dizzying expansion of RWA finds its impetus in the “tectonic” changes in the macroeconomic context, notes Galaxy Digital and adds:
“While yield opportunities on cryptocurrency networks were historically driven by new token issuance, and traditional yields were close to zero, now rising interest rates coupled with a bear market in cryptoassets has increased the attractiveness of traditional instruments, such as US Treasury bonds and private credit.”
#CryptoCriss77 $BTC $ETH $BNB