RWA
Several crypto tokens are backed by real-world assets, such as commodities, real estate, or fiat currencies. These asset-backed tokens aim to provide stability and reduce volatility often associated with cryptocurrencies. Some well-known types of asset-backed tokens include:
1. Stablecoins (backed by fiat currencies):
Tether (USDT): Backed by USD and other assets like commercial paper.
USD Coin (USDC): Fully backed by US dollars, held in reserve by regulated financial institutions.
Paxos Standard (PAX): Pegged 1:1 to USD and regulated by New York State Department of Financial Services.
Binance USD (BUSD): Also backed 1:1 with USD reserves.
2. Gold-backed tokens:
PAX Gold (PAXG): Each token is backed by a troy ounce of a 400-ounce London Good Delivery gold bar.
Tether Gold (XAUT): Backed by physical gold, with each token representing one troy fine ounce of gold.
DigixDAO (DGD/DGX): DGX tokens are backed by physical gold, where 1 DGX equals 1 gram of gold.
3. Real estate-backed tokens:
RealT: A platform that tokenizes real estate properties, allowing partial ownership of properties using Ethereum-based tokens.
Propy (PRO): A real estate platform that allows tokenization and sale of properties via blockchain.
4. Commodity-backed tokens:
Tiberius Coin: Backed by a mix of industrial metals like copper, aluminum, gold, and others.
Petro (PTR): A Venezuelan government-backed cryptocurrency, theoretically tied to the country's oil reserves (though controversial and subject to skepticism).
5. Bond or debt-backed tokens:
Synthetix: Through its platform, Synthetix issues synthetic assets backed by a variety of real-world commodities or financial derivatives.
These tokens provide a way to tie blockchain technology to the value of physical assets, offering a bridge between traditional finance and crypto markets.
