Unlock Cash With Tokenized FTX Claim As Loan Collateral
Key Points:
A creditor uses an FTX claim as collateral for a loan on DeFi platform Arcade.
The $31,307 claim is tokenized as a non-fungible token (NFT) and used to secure a $7,500 loan.
The transaction is an example of real-world assets (RWA) tokenization and highlights the growth of on-chain claims solutions.
FTX has recently pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade, marking the first-ever on-chain loan backed by an FTX claim.
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