MakerDAO added $100 million in real asset value (RWA) through BlockTower Andromeda over the past two days, mostly in short-dated US bonds with an attractive annualized yield of 4.5%. 📈 MakerDAO's total RWA value is approximately $2.7 billion. This is part of the MakerDAO "End Game Plan" introduced by co-founder Rune Christensen last year. The goal is to diversify the assets backing the $5.3 billion dollar-pegged stablecoin by increasing the role of traditional financial assets such as government bonds in the reserve. 💰
Latest data shows that Maker earns about 70-80% of its revenue from stable fees against RWA. The RWA DeFi protocol's portfolio consists of multiple asset managers and a variety of debt instruments, including investment grade bonds, short-term treasury bill ETFs, business loans, and more. 🌐
Tokenization of the world's illiquid assets could become a $16 trillion industry by 2030, according to a recent study by Boston Consulting Group (BCG). Analysts also predict that this will serve as a driving force for the mass adoption of cryptocurrencies.