According to Blockworks, Index Coop has added a real-world asset index token to its growing suite of DeFi native products. The product was developed in partnership with Fortunafi, a leading methodologist in the DeFi space. The initial components of the index are expected to include Maker (MKR), Ondo Finance (ONDO), Ethena (ENA), Centrifuge (CFG), Canto (CANTO), and Maple Finance (MPL), which provide a cross-section of real-world asset (RWA) related investments, from real estate tokenization to U.S. Treasuries to tokenized futures underlying trading. Like the previous high-yield ETH index, Index Coop is using product revenue tokens (PRTs) to attract early investors. PRTs entitle holders to share in the revenue generated by the RWA index and will be distributed through a presale over the next 30 days. The presale serves as a "demand signal" and the RWA index will only be launched if the presale is successful. This has worked well for Index Coop’s previous experiment with PRTs — hyETH, which launched last week — and currently has a total locked value (TVL) of around $5 million and an annualized yield of around 9%, which is lower than initially predicted as demand for leverage has fallen in recent weeks.
