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The Plumeberg News — 04.10.2024
October 4, 2024

The Plumeberg News offers weekly insights into the Real World Asset Finance (RWAfi) sector, carefully curated by the Goonheads specifically for PLUME GOONS.

Here is an overview of what the Plumeberg News will cover: 

  1. Weekly RWA Highlights
  2. RWAfi Market Commentary 
  3. Narrative Overview
  4. RWAfi Category Insights
  5. Tokenized Assets Analytics

1)Weekly RWAfi Highlights

ANZ Partners with Chainlink to Explore RWA Tokenization

Australia's second-largest bank, ANZ, has partnered with Chainlink Labs and ADDX to explore tokenizing real world assets. This is part of MAS’s Project Guardian, a global initiative aimed at enhancing access to tokenized assets in sectors like fixed-income and asset management. ANZ seeks to leverage private blockchains and its A$DC token to streamline asset exchanges, while Chainlink’s CCIP technology will address blockchain fragmentation challenges.
Read more: cryptoslate.com

Ethena Unveils New Stablecoin Backed by BlackRock’s BUIDL Fund

Ethena Labs has announced UStb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). UStb addresses the shortcomings of USDe by anchoring its value in low-risk assets like US Treasury bills, making it a safer investment alternative. This new development has fueled positive market reception, leading to a 13.29% surge in Ethena’s ENA token.
Read more: beincrypto.com

Kin Tokenizes $100M in Real Estate Trust Deeds on RWA-Focused Blockchain Chintai

Kin Capital has launched a $100 million tokenized real estate debt fund on Chintai, a blockchain focused on real world assets. The initial $5 million tranche is available to investors with a minimum investment of $50,000. The fund targets an annual return of 14%-15% with quarterly distributions. Chintai is regulated by the Monetary Authority of Singapore, bridging traditional finance and blockchain innovation.
Read more: nftgators.com

Franklin Templeton Expands Tokenized RWA Money Fund to Aptos Blockchain

Franklin Templeton has expanded its OnChain U.S. Government Money Fund (FOBXX) to the Aptos blockchain, allowing institutional investors to allocate funds via crypto wallets. With over $20 million in subscriptions, this marks a key move into non-EVM blockchain environments. FOBXX, the first U.S.-registered fund to use a public blockchain for transactions and share ownership, had previously expanded to Avalanche. The Benji Investments platform integrates with Aptos, further bridging TradFi and DeFi.
Read more: nftgators.com

Tokenized Asset Market Forecasted to Reach $10 Trillion by 2030

According to Chainlink’s report, the tokenized asset market could grow to $10 trillion by 2030, supported by institutional interest, blockchain integration, and regulatory progress. Currently valued at $118.57 billion, the market is driven by the liquidity tokenization brings to illiquid assets like real estate and private equity. Despite challenges in regulation and audit standards, the outlook is promising, with initiatives such as Project Guardian and Ethereum’s dominance pushing growth.
Read more: cointelegraph.com

Gold-Backed Ecosystem Aims to Bridge Blockchain to TradFi

IPMB is introducing a gold-backed digital asset to bridge traditional finance (TradFi) with decentralized finance (DeFi). The IPMB Token, backed by one gram of physical gold, provides stability and the potential for appreciation. It aims to combine the benefits of gold with blockchain’s transparency and accessibility. With over 2.5 grams of gold per token and innovative features like GEM NFTs, IPMB offers full traceability and a stable, transparent asset management ecosystem.
Read more: cointelegraph.com

2)RWA Market Commentary

1. Growth and Institutional Adoption

The tokenization of real world assets (RWAs) is gaining significant traction, especially with major institutional players entering the market. ANZ’s partnership with Chainlink and ADDX to explore RWA tokenization under MAS’s Project Guardian demonstrates this shift, focusing on sectors like fixed-income and asset management. Franklin Templeton’s expansion of its tokenized U.S. Government Money Fund (FOBXX) to the Aptos blockchain further highlights the institutional adoption of blockchain technologies, pushing RWAs into non-EVM blockchain environments and increasing accessibility for institutional investors.

2. Challenges and Opportunities in RWA Implementation

A major challenge in RWA implementation lies in blockchain fragmentation, which ANZ’s collaboration with Chainlink aims to address through its CCIP technology. Regulatory compliance is another critical hurdle, especially in the integration of tokenized real estate assets, as seen with Kin Capital’s $100 million fund on the Chintai blockchain. However, these challenges present opportunities, with institutions leveraging private blockchains and tokenization models to unlock liquidity in illiquid markets such as real estate and fixed-income products.

3. Sector-Specific Dynamics

Different sectors are embracing RWA tokenization at varied rates. The financial services sector leads the charge, as seen with ANZ and Franklin Templeton’s projects, which target fixed-income products and government securities. Meanwhile, the real estate sector is rapidly evolving, with Kin Capital’s tokenized real estate debt fund on Chintai offering investors higher returns and increased access. Precious metals are also entering the fray, with IPMB’s gold-backed digital asset offering a stable alternative to more volatile digital currencies, blending traditional assets with blockchain technology.

4. Emerging Trends and Future Outlook

The tokenized asset market is projected to reach $10 trillion by 2030, according to Chainlink’s report, driven by institutional interest, regulatory progress, and the increasing role of blockchain in stabilizing traditional assets. The rise of stablecoins like UStb, backed by low-risk assets such as U.S. Treasury bills, reflects a growing demand for safer investment alternatives. As RWAs expand into sectors like real estate, fixed-income, and commodities, blockchain technology will continue to play a pivotal role in transforming asset management and enhancing market liquidity.

3)Narrative Overview


Top Performing narratives (7D change):

  • FriendTech: 0%
  • NFTs: 2%
  • BTC:4% 
  • LRT: 4%
  • RWA: -8%

RWA Index Ranking 4th:

4)RWA Category Insights

Market Cap: $7.35B (-1.6%)

Top Gainers: 

  • Brickken: +13.3%
  • Propbase: +3.6%
  • Credefi: +4.5%

Market Cap Ranking: 

  • Mantra $OM
  • Ondo $ONDO
  • Pendle $PENDLE

5)Tokenized Assets Analytics

Private credit

  • Active Loan Value: $9.1B
  • Total Loans Value: $14.91B
  • Total Loans: 1930

Tokenized Treasuries

  • Total Value: $2.28B (+2.33%)
  • Average Yield To Maturity: 4.93%
  • Holders: 6,140 (-0.47%)

Stablecoins: 

  • Market Cap: $171.76B (-2.1%)
  • Monthly Transfer Volume: $1.42T (-17.6%)
  • Monthly Active Addresses: 19.80M (12%)

Conclusion

The rapid adoption of real-world asset (RWA) tokenization marks a pivotal moment for the intersection of traditional finance (TradFi) and decentralized finance (DeFi). Major institutions like ANZ, Franklin Templeton, and Kin Capital are pioneering RWA initiatives, driving innovation in asset management and creating new opportunities for liquidity, transparency, and accessibility. ANZ’s partnership with Chainlink and Franklin Templeton’s expansion to Aptos highlight the increasing willingness of traditional players to explore blockchain technology, positioning RWAs as a crucial growth area within the financial sector.

However, challenges like blockchain fragmentation and regulatory hurdles must be addressed to unlock the full potential of RWAs. Solutions like Chainlink’s CCIP and Chintai’s regulatory compliance provide pathways for overcoming these barriers, allowing tokenized assets to flourish across diverse sectors, from real estate to precious metals. Stablecoins like UStb and gold-backed assets from IPMB further highlight the trend toward safer investment alternatives, blending blockchain's innovative potential with the stability of traditional assets.

About Plume Network

Plume is the first fully integrated and modular chain focused on RWAfi. We’ve built the first modular and composable RWA-focused EVM-compatible chain designed to simplify onboarding for all types of assets and streamline capital onboarding through native infrastructure and RWAfi-specific features unified chain-wide. For the first time, we are enabling a composable ecosystem of defi built around RWAfis with an integrated end-to-end tokenization engine and a network of financial infrastructure partners for builders to plug and play. We have 165+ projects building on our private devnet today, with everything from private credit to equities, collectibles, and more.

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