The Plumeberg News offers weekly insights into the Real World Asset (RWA) 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. RWA Market Commentary
3. Narrative Overview
4. RWA Category Insights
5. Tokenized Assets Analytics

1）Weekly RWA Highlights

Tokenization Trend: Chainlink and Fidelity Brings $6.9 Billion Fund Data On-Chain

Chainlink, a blockchain abstraction layer, has partnered with Fidelity International and Sygnum to tokenize $6.9 billion of asset data from Fidelity’s Institutional Liquidity Fund. The company calls this partnership a landmark production use case for tokenized assets.
Read more

$697 Million Crypto Investment in June 2024: BitStamp, Hut 8 Mining, and More
RootData shows 92 publicly disclosed crypto venture capital investments, a 40% drop from May’s 153. Total fundraising hit $697 million, down 30% from last month’s $990 million.
Read more

First Real Life Assets to Be Tokenized Revealed
The real world asset (RWA) tokenization concept has gained significant traction, with many projects experimenting with tokenized assets. At its core, RWA tokenization represents physical and traditional financial assets as digital tokens on a blockchain.
Read more

INX and Backed introduce an on-chain NVIDIA stock
INX, a security token and tokenized real world asset (RWA) marketplace, has teamed up with Backed, an RWA tokenization platform, to list tokenized stocks on the INX platform for eligible non-US users. The partnership starts with the launch of bNVDA, a tokenized security backed by the NVIDIA stock issued on the Ethereum network.
Read more

Venture Capitalists Hold 1,100% Gains on These Altcoins, But They Might Dump Soon.
Venture capitalists have been reaping massive gains on a select group of altcoins. However, recent indicators suggest these investors may consider selling their holdings soon. This outlook highlights the need for cautious optimism among token holders.
Read more

Former Ethereum Manager Makes Stablecoins Obsolete With Gold NFTs
Legaltech pioneer startup Mattereum and Sempsa JP, one of the world’s largest and most established gold refineries, announce their strategic partnership to revolutionize blockchain technology for the digital trading, purchasing, and custody of gold certificates.
Read more

Crypto Market This Week: Ethereum ETF, FOMC Minutes, US Job Data & Trade Deficit
The crypto market is bracing for a week filled with significant events and data releases that could sway investor sentiment and market movements. Key highlights include the delay in launching Spot Ethereum ETFs and the implementation of the European Union’s MiCA regulation.
Read more

How AgriDex leverages NFTs to secure agricultural trade: Interview
Fresh off a $5 million pre-seed funding round, AgriDex is leveraging Solana’s high-speed, low-cost blockchain to tokenize crops and streamline agricultural transactions, promising 10–40% cost savings per trade and near-instant settlements.
Read more

5 Real World Assets (RWA) Altcoins to Trade in July 2024
The crypto market has been observing different kinds of assets take the spotlight now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.
Read more

Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400
Crypto trader Duncan has explained why he is “extremely long” on Ethereum despite the crypto token’s recent drop to around $3,400. He emphasized the Spot Ethereum ETFs, which he believes could spark a significant rally for ETH.
Read more

This Week in Crypto: Solana Investigation, Altcoin Season, and BlackRock’s Tokenization
This week has been super exciting for Solana and the broader crypto community. While the week started with rumors about Solana’s criminal investigation, it ended with VanEck filing for a spot Solana exchange-traded fund. Meanwhile, analysts are discussing the much-awaited altcoin season.
Read more

2）RWA Market Commentary

Key Highlights

1. Tokenization Milestones:

The partnership between Chainlink and Fidelity to tokenize $6.9 billion of asset data underscores the growing institutional interest in blockchain solutions for traditional finance. This landmark use case validates the potential of tokenization and sets a precedent for future integrations between blockchain technology and established financial entities.

2. Investment Trends:

June 2024 saw a substantial drop in crypto venture capital investments, with a 40% decrease in deals and a 30% reduction in total fundraising. This downturn reflects a cautious investor sentiment possibly triggered by market volatility and regulatory uncertainties. However, the continued interest in RWA projects suggests a strategic focus on sectors with tangible asset backing and real world applications.

3. Real World Asset Tokenization:

The announcement of tokenizing the first real life assets marks a significant milestone for the RWA ecosystem. This move towards digital representation of physical and financial assets is expected to unlock new liquidity, enhance transparency, and improve accessibility for a broader range of investors.

4. New Offerings:

The collaboration between INX and Backed to introduce tokenized NVIDIA stocks (bNVDA) on the Ethereum network represents a forward step in merging traditional equities with blockchain technology. This initiative caters to non-US users, highlighting tokenized assets' global reach and inclusivity.

5. Market Movements:

Venture capitalists’ potential divestment from altcoins, despite their 1,100% gains, signals a possible market correction. This trend necessitates caution among retail investors and highlights the importance of monitoring VC activities as market sentiment indicators.

3）Narrative Overview

Top Performing Narratives (Change in the last seven days):

• DeFi 2: 2%
• LRT: 1.2%
• ZK: 0.9%

RWA Index Ranking 8th

4）RWA Category Insights

Market Cap: $7.5B (5%)

Top Gainers:

• KlimaDAO (+9%)
• MANTRA (+1%)
• International Stable Coin (+1%)

Market Cap Ranking:

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

5）Tokenized Assets Analytics

Private credit

• Active Loan Value: $8.3B
• Total Loans Value: $13B
• Total Loans: 1908

Tokenized Treasuries

• Total Value: $1.8B (+0.4%)
• Average Yield To Maturity: 4.95%
• Holders: 5,114

Stablecoins

• Market Cap: $158B (-0.5%)
• Monthly Transfer Volume: $1.4T (-48%)
• Monthly Active Addresses: 17.7M (-8%)

Conclusion

The Real World Asset (RWA) sector is proving resilient and innovative amid market fluctuations, driven by advancements in tokenization and strategic partnerships.

Key developments, such as the Chainlink and Fidelity partnership to tokenize $6.9 billion of asset data and INX’s introduction of tokenized NVIDIA stocks, highlight the sector’s growing integration with traditional finance. Despite a notable drop in crypto venture capital investments in June 2024, the sustained interest in RWA projects underscores their strategic value. This period also saw the first tokenization of real life assets, enhancing liquidity, transparency, and accessibility.

However, potential market corrections due to venture capitalists’ divestment from altcoins call for cautious optimism. As the RWA sector evolves, ongoing innovation and strategic focus on real world applications are expected to drive further growth and adoption.

Goons, congratulations if you read to the end. Keep close tabs on our announcements over the next few days for the testnet campaign.

About Plume

Plume is the first fully integrated and modular chain focused on RWAfi. We’ve built a composable, scalable ecosystem that supports the seamless onboarding of all types of real world assets, from equities to private credit and beyond. With our end-to-end tokenization engine, over 170 projects are building on Plume’s infrastructure, simplifying compliance and capital management to help projects scale globally.

Links:

Website | Twitter | Discord | Telegram

‍

‍