Hello everyone, I am Sanfei. Today, a token LINK that usually has little presence suddenly entered the top 20 of the increase list, and the token increased by 20%.
Sanfei, I looked for the reason for the increase and found that in a report released on Thursday, the world's largest securities settlement system, the Depository Trust and Clearing Corporation (DTCC), completed a pilot project with the blockchain oracle Chainlink (LINK) and several major financial institutions in the United States to help accelerate the tokenization of funds.
Participants include Bank of New York Mellon, Edward Jones, Franklin Templeton, etc.
Driven by the benefits of LINK, the entire RWA sector rose an average of 2.1%.
So what is RWA? Below, Sanfei will explain it one by one.
RWA (Real World Assets) refers to tangible and intangible assets in the physical world (such as real estate, bonds, commodities, etc.). The tokenization of RWA brings these off-chain assets into the blockchain, thereby opening up new possibilities and potential use cases.
Among them, the most representative projects in the RWA sector are MKR (MakerDao) and ONDO (Ondo Finance). MKR is familiar to you. It is a lending platform deployed on ETH. Today, MKR rose from the lowest price of 2662U to the highest price of 2748U. It is currently stable at 2704U. According to a friend of an institution of Sanfei, BlackRock, the world's largest fund management company, which has played the most recognized role in the passage of Bitcoin ETF, announced its entry into the crypto industry. It was very optimistic about MKR and wanted to acquire it, but for some reason, the plan was interrupted.
ONDO is a large, highly liquid ETF managed by institutions such as asset management giant BlackRock and Pacific Investment Management Company (PIMCO), and has launched three tokenized U.S. Treasury and bond products.
ONDO also announced the launch of a tokenized fund, allowing stablecoin holders to invest in bonds and U.S. Treasury bonds, which means that real-world assets are accelerating their integration with DeFi. During the period of downward crypto interest rates, user assets can be allocated with higher returns.
ONDO opened on January 24 this year, and Binance Exchange launched ONDO U-based perpetual contracts for the first time. The price of ONDO coin has quadrupled from 0.2U at that time to 0.94U today, and ONDO has increased by 10% today, and is currently hitting the 1U level!ONDO's overall performance is very strong.
Whether it is ONDO, LINK or MKR, I am very optimistic about this track. If you have other opinions or other potential coins to recommend, please add them.
Brothers who like Sanfei, please pay attention. If you have any questions in this article, please leave a message in the comment area for discussion.
#币安交易所 #link #RWA