In this year’s cryptocurrency market, the activity of companies such as OpenAI SORA and NVIDIA in the AI field has undoubtedly ignited market excitement. Similarly, the rapid growth of the real assets (RWA) field is especially due to the tokenized asset fund BUIDL launched by BlackRock in partnership with Securitize. This cooperation has injected strong impetus into the RWA field.
The launch of the BUIDL fund has undoubtedly brought unprecedented vitality to the RWA field, stimulated the substantial growth of tokens of many projects such as ONDO, CFG, and OM, and triggered a general upward trend in the field.
Especially since BlackRock announced the launch of BUIDL on March 2, the price of Goldfinch (GFI) has increased by up to 4 times. This significant growth not only demonstrates the huge potential of Goldfinch as a decentralized credit protocol, but also reflects the The market highly recognizes it.
Goldfinch, founded in 2020, aims to provide cryptocurrency loans in a decentralized manner. It expands the potential user base and investor base of cryptocurrency by removing the reliance on traditional crypto collateral and providing potential borrowers and capital providers with a way to earn passive income.
In the current crypto lending DeFi field, users often need to provide excess on-chain assets as collateral when applying for loans. This model limits the possibility of users with insufficient on-chain assets obtaining loans through DeFi protocols.
In the traditional financial world, in addition to mortgage loans, credit loans are also a widely used form of lending. Credit loans rely on the borrower's credit history rather than specific collateral, allowing borrowers to obtain funds based on their personal credit profile.
Although credit loans are relatively mature in the traditional financial field, the DeFi credit loan model is still in the exploratory stage, mainly limited by the complexity of on-chain identity verification.
Goldfinch Protocol, an advanced DeFi credit lending platform based on Ethereum, successfully links the on-chain and off-chain worlds, enabling users to borrow money without the need for crypto-asset collateral. The protocol works with credit institutions around the world and delegates the credit assessment and lending process to these institutions, with the loans ultimately used to support small and micro businesses or individual users.
Goldfinch's operation process is straightforward and efficient: after users complete the qualification review through cooperation with credit institutions, they obtain the corresponding credit line on the Goldfinch platform, and then can borrow USDC. Borrowers can also exchange USDC for cash.
Goldfinch co-founders Mike Sall and Blake West were both important members of Coinbase, which shows the strong background of its team. Coinbase is not only the "Huangpu Military Academy" in the encryption industry, but its former employees have also founded many well-known encryption projects, many of which have received investment from Coinbase.
Mike Sall, after graduating from the University of Pennsylvania, served as the product research director of Coinbase, participated in the founding of Unbox Research, and served as the director of data science at Medium. Blake West is also a graduate of the University of Pennsylvania. As a senior full-stack development engineer, he is responsible for development work at Coinbase and is the first employee of HintHealth.
According to rootdata, Goldfinch has completed three rounds of financing, raising a total of US$37 million. The latest round of financing took place in January 2022, showing the market's recognition and support for its technology and model.
The Goldfinch protocol has received support from many well-known investors in the crypto space, including but not limited to a16z, Coinbase Ventures, BlockTower Capital, and Kingsway Capital. These investment teams enjoy a high reputation in the crypto industry, and their participation not only provides financial support for Goldfinch, but also brings wide recognition in the industry for its technology and business model.
Coinbase and a16z, as leading investment entities in the crypto field, have investment records in many major projects that demonstrate their outstanding investment achievements. The participation of these two institutions is particularly significant in several rounds of financing of Goldfinch, reflecting the strong confidence of the capital market in the Goldfinch project.
The support of top investors such as Coinbase and a16z not only injects critical financial resources into Goldfinch, but also opens up invaluable resources and cooperation opportunities at the strategic level. This high-level support undoubtedly increases the market appeal of GFI tokens.
Centrifuge has been operating in more than 20 countries around the world, working with a number of borrowers with significant influence in their respective local markets. These partners cover a variety of industries such as payment, savings and credit solutions.
According to data from the rwa.xyz platform, the tokenization market size of private credit has reached US$600 million, second only to the tokenization scale of U.S. Treasury bonds. This further proves Goldfinch’s important position in the field of real asset tokenization. and potential.
Within the specialized space of private credit tokenization, Goldfinch ranks second with $266 million in active loan volume, just behind Centrifuge.
Taken together, the private credit sector is a huge market, with a total size exceeding one trillion US dollars. However, the current size of the tokenized private credit market is only approximately $1 billion, indicating significant growth potential in the future. As the leading protocol in this market segment, Goldfinch’s current market capitalization is approximately $300 million, implying that it has vast room for growth. Taking into account the mid- to long-term perspective, Goldfinch is still an object worthy of investors' attention and consideration for investment.
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Recommendation B: ETHFI
Recommended reason: ETHFI found support at $5.1 and has fallen 40% in the callback calculated from the high point. It is expected that entering the market around $5.4 may be a good rebound opportunity. If you enter the market according to the current situation, you are expected to gain 20% based on the rebound target of $6.4.
