In the current Web3 era, the rapid development of blockchain technology is driving the digital transformation of traditional assets. As an important way to tokenize real-world assets on the chain, the RWA (Real World Assets) track is attracting more and more attention. At the same time, Lambda, the emerging Layer 2 expansion solution in the Ethereum ecosystem, has brought new opportunities and perspectives to RWA. This article will comprehensively explore the various potential models of combining Lambda with RWA, and look forward to its huge potential in the field of asset tokenization.
1. The rise and development of the RWA track
1.1 Definition and Scope of RWA RWA, or Real World Assets, refers to real-world assets that can be represented and traded in the blockchain and cryptocurrency fields. Combining traditional assets with blockchain technology gives assets new liquidity and trading methods, and improves the security and transparency of assets. RWA assets cover a wide range of high-value physical assets such as real estate, precious metals, artworks, red wine, rare diamonds, as well as traditional financial assets such as securities, bonds, stocks, and commodities. Through technical means such as tokenization, the ownership rights of these assets can be converted into encrypted tokens on the blockchain, enabling on-chain circulation and trading.
1.2 Driving factors for the development of the RWA track The rise of the RWA track is due to many driving factors:
1. Solve the problems of poor liquidity and low transaction efficiency of traditional assets;
2. Use blockchain technology to improve the security and transparency of assets;
3. Realize the digitization of asset ownership and promote financial innovation;
4. Meet investors' needs for alternative asset investment and diversified allocation.
Institutional investors’ interest is increasing: More and more institutional investors are showing interest in RWA, especially in the context of volatile cryptocurrency markets, where RWA is seen as a relatively stable investment option. For example, institutions such as Franklin Templeton and Wisdomtree Prime have begun issuing blockchain-based tokenized U.S. Treasury products.
1.3 Typical application scenarios of RWA tokenization Real Estate Tokenization: Through technical means such as NFT, the ownership of real estate is digitized, allowing investors to split and purchase real estate shares, increasing the participation and liquidity of real estate investment.
Artwork tokenization: With NFT technology, artwork ownership can be efficiently digitized and authenticated, facilitating the transaction and transfer of ownership of artworks. Platforms such as 4K and arcade.xyz are bringing physical collectibles to the blockchain, making it possible to borrow and lend assets such as Supreme T-shirts and comic books, improving liquidity and reducing transaction costs.
Security Token Offering (STO): Converting traditional securities such as stocks and bonds into encrypted tokens on the blockchain to improve the liquidity and trading efficiency of securities. For example, the Pendle project supports the tokenization of real-world assets including US Treasury bonds through its platform, providing flexible income management strategies and attracting a large number of investors.
Tokenization of precious metals: Ownership of precious metals such as gold and silver can be digitized into tokens to simplify the transaction process and improve liquidity.
2. Lambda, Ethereum Layer 2 Scaling Solution
2.1 Lambda Overview
Lambda is an Ethereum second-layer scaling solution built on OP Stack, designed to provide a fast, advanced, and scalable Web3 infrastructure for the Ethereum ecosystem. As a full-chain modular storage network, Lambda leverages its existing LWS storage capabilities, combined with PDP and ZKG to enhance DAS (Data Availability Sampling) verification, and provides data sampling services for Ethereum's permanent DA layer to solve data availability issues. Lambda is fully compatible with the Ethereum ecosystem, while also having unique business applications and customization capabilities, such as providing permanent storage services for Rollups, DAPPs, and AI. Lambda can effectively balance decentralization, scalability, and security, alleviate the "trilemma" of blockchain, and promote the scalability of Ethereum.
Lambda's full-chain storage network and cross-chain interoperability enable it to support asset tokenization and transactions on multiple chains, increasing the liquidity and interoperability of RWA.
2.2 Lambda Main Technical Features
1. Modular storage architecture: The Lambda network adopts an innovative modular storage architecture, using independent storage node clusters to provide reliable, efficient and scalable storage solutions for Web3 applications.
2. Advanced storage technology: Lambda uses a variety of advanced storage technologies, such as HTLC, ERA, ERA-Chain, etc., which greatly improves storage efficiency, availability and scalability.
3. PDP and ZKG Enhancements: Lambda uses advanced cryptographic algorithms such as PDP (Proof of Data Possession) and ZKG (Zero-Knowledge Groth) to enhance DAS verification and provide reliable data integrity proof for Ethereum.
4. Full-chain coverage storage network: Lambda aims to build a full-chain coverage storage network to provide a universal storage infrastructure for various on-chain applications.
Chapter 3 Innovative Model of Combining Lambda and RWA
3.1 Lambda provides innovative and powerful infrastructure support for the RWA track.
Based on Lambda’s technical features, we can build a professional asset tokenization platform that supports the on-chain tokenization and trading of various physical assets and financial assets:
Leverage Lambda's powerful Web3 storage infrastructure to efficiently store and manage key data such as asset metadata and ownership information; Based on the Lambda DAS (Data Availability Sampling) service, implement data availability verification for asset tokens to ensure the security and immutability of asset tokens; Introduce advanced technologies such as NFT and STO to flexibly support tokenization scenarios for various types of assets; Combined with Lambda's advanced encryption algorithm mechanism, provide a high degree of privacy protection for token transactions.
For example, the Centrifuge project is already using blockchain technology to tokenize commercial real estate and housing assets, providing the necessary liquidity for individual users and businesses. The platform can serve as a one-stop asset tokenization and trading infrastructure in the RWA track, making full use of Lambda's technical advantages to provide professional, safe and reliable services to industry institutions and investors.
Building a new financial model of "asset token + DeFi" based on Lambda Lambda's powerful DeFi infrastructure injects advanced concepts and functions of DeFi into asset tokens. Asset ownership can be tokenized into ERC-20 or ERC-721 standard tokens, seamlessly embedded in the Ethereum DeFi ecosystem, and spawned many innovative financial applications.
We can create an automated market maker (AMM) pool for asset tokens, greatly improving their liquidity, while supporting token trading for perpetual contracts, futures and other derivative contracts. Investors can develop more diverse trading strategies and investment portfolios in addition to regular trading, effectively diversifying risks.
Based on Lambda’s technical features, we can build a professional asset tokenization platform to support the on-chain tokenization and trading of various physical assets and financial assets:
1. Leverage Lambda’s powerful Web3 storage infrastructure to efficiently store and manage key data such as asset metadata and ownership information;
2. Based on Lambda DAS (Data Availability Sampling) service, data availability verification is implemented for asset tokens to ensure the security and immutability of asset tokens;
3. Introduce advanced technologies such as NFT and STO to flexibly support tokenization scenarios of various assets;
4. Combined with Lambda's advanced encryption algorithm mechanism, it provides a high degree of privacy protection for token transactions.
For example, the Centrifuge project is already using blockchain technology to tokenize commercial real estate and housing assets, providing the necessary liquidity for individual users and businesses.
The platform can serve as a one-stop asset tokenization and trading infrastructure in the RWA track, making full use of Lambda's technological advantages to provide professional, secure and reliable services to industry institutions and investors.
3.2 Building a cross-chain asset token ecosystem
The future trend of blockchain development is multi-chain coexistence and cross-chain interconnection. As a storage network with full chain coverage, Lambda's unique cross-chain interoperability can help the RWA token ecosystem realize cross-chain applications:
1. Issue “same-chain tokens” for the same asset on multiple chains, and use Lambda cross-chain communication to achieve token price peg, exchange and unified authorization management;
2. Build a cross-chain exchange for asset tokens to support the free trading and circulation of tokens between chains;
3. Create a Lambda-based asset token derivatives market, such as futures and options, to support cross-chain hedging investments and arbitrage;
4. Realize cross-chain asset management, with tokens in the investment portfolio dispersed across multiple chains, and Lambda provides unified risk monitoring.
OriginTrail enables data sharing and verification on multiple chains through its decentralized knowledge graph (DKG), promoting the tokenization of RWA in multiple fields such as supply chain, medical care, and construction.
By making full use of Lambda's cross-chain capabilities and infrastructure support, the connectivity and liquidity of the RWA ecosystem can be greatly improved, enabling asset tokens to truly achieve seamless cross-chain integration.
