As Trump wins the U.S. election, the excitement in the crypto market continues to rise. The RWA sector is heating up with the overall rise of the crypto market, attracting many giants to actively lay out their positions. Against the backdrop of increasingly clear regulations, the industry's enthusiasm for tokenization is growing. RWA is definitely the leader, and with the bull market continuing, future prices are worth looking forward to!
Recently, RWA has attracted widespread attention from the global financial community, including Wall Street giants like BlackRock, Grayscale, and Franklin Templeton, who have gradually invested funds into the RWA field, driving the strong rise of RWA tokens.
RWA represents fungible or non-fungible tokens of traditional financial assets on the blockchain. RWA can represent tangible assets (like real estate) as well as intangible assets (like government bonds and carbon credits).
With a large amount of liquidity expected to flow into the RWA market, returns of 20 to 100 times are possible.
In this bull market, the RWA sector will give birth to some hundredfold projects. What quality projects in the RWA sector are worth paying attention to?
Inventory of 18 projects associated with BlackRock
1. Ondo Finance (Ondo)
Ondo Finance's two core products include the tokenized U.S. Treasury product OUSG. Previously, most of the OUSG portfolio was BlackRock's iShares short-term Treasury ETF (NASDAQ: SHV). In March this year, after BlackRock announced the launch of the tokenized fund BUIDL, Ondo also redistributed most of OUSG's assets to BUIDL. OUSG currently has a TVL exceeding $180 million and has provided clients with over $25 million in returns since its launch.
2. Curve (CRV)
As a long-established leader in DeFi, the recent rise of CRV is also related to collaboration with BlackRock. Curve is an important partner for BlackRock's entry into DeFi.
3. Ethena (ENA)
On November 29, stablecoin issuer Ethena and tokenized platform Securitize announced an upcoming collaboration to launch the stablecoin USDtb to participate in the $1 billion tokenization competition of the Sky (formerly MakerDAO) lending platform Spark.
4. Velo (VELO)
Velo is a global settlement network based on blockchain, providing individuals and businesses with fast, secure, and low-cost cross-border payments. DWF Labs made a strategic investment of $10 million in it last year.
5. Chainlink (LINK)
Oracle networks are also indispensable for financial institutions in tokenizing assets. Chainlink can help institutions link on-chain and off-chain data, unlocking some DeFi use cases.
6. Avalanche (Avax)
The Avalanche token Avax is also performing well in the recent altcoin season and is one of the well-performing tokens among established public chains.
7. Stellar (XLM)
Stellar is another payment network founded by Ripple co-founder Jed McCaleb. More than half of Franklin Templeton's tokenized fund FOBXX's TVL is on Stellar.
8. Sui (SUI)
In addition to investing in Sui, Franklin Templeton announced in November the establishment of a strategic partnership with Sui, focusing on supporting builders in the Sui ecosystem and deploying new technologies using the Sui blockchain protocol.
9. Aptos (APT)
In addition to investments, Franklin Templeton's tokenized fund FOBXX has now expanded to Aptos.
10. Puffer Finance (PUFFER)
Puffer Finance is a liquidity staking protocol based on EigenLayer. In April this year, Franklin Templeton and Avon Ventures, a venture capital fund associated with Fidelity Investments' parent company, participated in a $18 million investment in Puffer Finance.
11. LayerZero (ZRO)
LayerZero, as one of the three cross-chain giants, has also seen good performance recently.
12. SHRAPNEL (SHRAP)
SHRAPNEL is an AAA-level FPS game, with well-known institutions like Polychain, IOSG Ventures, Dragonfly, DeFiance Capital, Mechanism Capital, and Spartan Group among the investors in the team.
13. Spectral (SPEC)
Spectral was originally a machine intelligence network on the Base chain, and is now positioned as a platform to help users achieve AI programming for smart contracts.
14. Arcade (ARC)
Arcade is a GameFi platform that allows the community to earn meaningful rewards from various Play-and-Earn metaverse games without directly playing the games or owning in-game NFTs. Franklin Templeton invested in Arcade in 2021, and notable early investors include Pantera Capital, Crypto.com Capital, Solana Ventures, Shima Capital, GSR, LD Capital, and KuCoin Labs.
15. Pudgy Penguins (PENGU)
Last week, the Pudgy Penguins, which planned to issue tokens and have an airdrop expectation within 2024, saw its floor price surge past 27 ETH. Pudgy Penguins also has some connection with VanEck.
16. Parallel (PRIME)
Parallel is a sci-fi themed trading card game (TCG), with team members including veteran developers from AAA games like (Assassin's Creed) and (Valorant), as well as the involvement of YouTube co-founder Chad Hurley.
17. GEODNET (GEOD)
GEODNET is a DEPIN project that uses new rooftop space weather stations to collect dense real-time geospatial data from the Earth and its atmosphere. In addition to VanEck, Animoca Brands, Pantera Capital, CoinFund, and IoTeX are also investors. Animoca Brands has also formed a strategic partnership with GEODNET.
18. 1inch (1INCH)
The established DEX aggregator 1inch is also the second-largest aggregator by market share.
