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

Franklin Templeton’s OnChain Money Market Fund Launches on Arbitrum

Franklin Templeton has teamed up with the Arbitrum Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on Ethereum’s Layer 2 network, using the BENJI token. This fund, which integrates with Franklin Templeton’s Benji Investments platform, offers exposure to government securities. Originally on Stellar and later on Polygon, this move highlights a major step in merging traditional finance with DeFi. Arbitrum’s platform ensures the fund aims to maintain a stable $1 share price.

Read more: TheBlock.co

Tokenized US Treasurys Expected to Surpass $3B by End of 2024

The growing interest in crypto and high treasury yields may boost tokenized US Treasurys’ market cap to $3 billion by the end of 2024. Analysis using models like ARIMA and GARCH predicts a $2.66 billion cap. DAOs like Arbitrum and MakerDAO are poised to inject capital by investing large treasury portions in these assets. These allocations could add up to $2.43 billion, increasing the market cap by 13% to 31% from its current $1.85 billion. However, potential Federal Reserve rate cuts could lessen their investment appeal.

Read more: Cointelegraph

Ethena Labs Expands USDE to Solana

Ethena Labs is integrating its synthetic dollar, USDE, with the Solana network, and plans to use Solana’s SOL token as a backing asset. This move, pending governance approval, is expected to enhance USDE’s scalability and increase open interest across exchanges.

Read more: beincrypto.com

Superstate Integrates Chainlink for Enhanced NAV Data Accuracy

Superstate has integrated Chainlink’s decentralized computing platform into its Short Duration US Government Securities Fund (USTB), enhancing transparency and accuracy for the fund’s onchain net asset value (NAV) data. This move ensures the NAV of tokenized real world assets remains accurate and consistently updated. Both companies plan further integration with Chainlink Proof of Reserve for onchain verification of assets under management (AUM). This development is expected to improve efficiency and trust in Superstate’s offerings and expand use cases for decentralized finance and automation.

Read more: beincrypto.com

German State-Owned Development Bank Prepares for Tokenized Bond Issuance

Germany’s largest development bank, KfW, is set to issue blockchain-based digital bonds with Boerse Stuttgart Digital as its infrastructure provider. This initiative aligns with the European Central Bank’s trials of settling blockchain transactions against central bank money. KfW aims to leverage RWA tokenization for operational benefits like faster, more transparent transactions, reduced costs, and enhanced efficiency. The move follows similar initiatives by Italy’s state-owned development bank and represents KfW’s second tokenized security offering.

Read more: coindesk.com

Research: BlackRock’s Potential Launch of Its Own Blockchain

BlackRock, with $10 trillion in assets under management, is exploring launching its blockchain akin to Coinbase’s Base. This move could revolutionize traditional finance by enhancing transparency, lowering fees, and improving capital market efficiency. Token Terminal, an onchain data platform, notes BlackRock’s strategy includes categorizing crypto holdings and leveraging blockchain’s advantages like 24/7 operations and faster settlements. BlackRock’s blockchain could transform it into a leader in the digital asset space, despite regulatory challenges.

Read more: beincrypto.com

Major RWA Firms Reveal Tactics for MakerDAO’s $1 Billion Tokenization Race

MakerDAO’s Spark Tokenization Grand Prix aims to onboard $1 billion in tokenized assets, focusing on liquidity, compliance, and innovation. The competition concludes on September 20 and features major real world asset firms like Securitize, OpenEden, and Superstate. These firms will present their strategies to meet MakerDAO’s liquidity and capital efficiency criteria. Each firm has unique approaches that highlight their regulatory compliance and DeFi expertise to boost DAI stability and leverage tokenized treasuries within DeFi.

Read more: beincrypto.com

Tokenized RWA Already Reached $3B Without Counting Stablecoins

Tokenization of real world assets (RWA) is touted as a way to infuse tangible value into crypto, now reaching up to $3 billion. This includes commodities and government securities, where $1.6 billion is already tokenized across several chains. While Ethereum remains the main chain, Stellar has emerged as a significant player. Although tokenized real estate remains limited, the potential for institutional and whale adoption in DeFi is increasing.

Read more: cryptopolitan.com

2）RWA Market Commentary

1. Expansion and Adoption of Tokenized US Treasurys

Tokenized US Treasurys are set to surpass $3 billion by the end of 2024, driven by increased interest in crypto assets and high treasury yields. With current market cap predictions around $2.66 billion and potential capital infusions from DAOs like Arbitrum and MakerDAO, this sector is poised for significant growth. However, Federal Reserve rate cuts could impact investment attractiveness. The rising interest in tokenized government securities underscores a growing trend towards integrating traditional financial assets with DeFi platforms.

2. Strategic Moves by Major Financial Institutions

Franklin Templeton’s launch of its OnChain U.S. Government Money Fund (FOBXX) on Arbitrum demonstrates a major step in combining traditional finance with DeFi. Utilizing the BENJI token for stable government securities, this move emphasizes the growing role of Ethereum’s Layer 2 solutions in financial innovations. Similarly, KfW’s upcoming blockchain-based digital bond issuance represents a significant advancement in integrating blockchain technology with traditional financial systems. Both developments reflect the increasing convergence of traditional finance with decentralized technologies.

3. Innovations in DeFi and Tokenization Infrastructure

Ethena Labs’ expansion of its synthetic dollar, USDE, to the Solana network, and Superstate’s integration with Chainlink for enhanced NAV data accuracy are notable advancements in the DeFi space. Ethena Labs aims to improve scalability and open interest, while Superstate’s use of Chainlink seeks to enhance transparency and trust in onchain asset management. These innovations highlight the ongoing enhancements in DeFi infrastructure, focusing on scalability, data accuracy, and operational efficiency.

4. Market Potential and Adoption Trends for Tokenized RWAs

Tokenized real world assets (RWAs) have reached a valuation of $3 billion, with significant tokenization across various blockchain platforms. Ethereum remains the dominant chain, but Stellar is emerging as a key player. Despite limited progress in real estate tokenization, the increasing institutional and whale adoption suggests a promising future for tokenized RWAs. This growth underscores the expanding role of tokenization in bringing tangible value to the crypto space and the broader acceptance of decentralized financial solutions.

3）Narrative Overview

Top Performing narratives (7D change):

• DeSCI: +17%
• NFTs: +14%
• LRT: +2%
• FriendTech: -3%
• RWA: -22%

RWA Index Ranking 4th:

4）RWA Category Insights

Market Cap: $5.6B (-20%)

Top Gainers:

• MetaZero (+15%)
• Decentralized ETF (+10%)
• MBD Financials (+11%)

Market Cap Ranking:

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

5）Tokenized Assets Analytics

Private credit

• Active Loan Value: $8.8B
• Total Loans Value: $14B
• Total Loans: 1876

Tokenized Treasuries

• Total Value: $1.92B (+1.4%)
• Average Yield To Maturity: 4.95%
• Holders: 5,896 (-1.7%)

Stablecoins:

• Market Cap: $169B (1.5%)
• Monthly Transfer Volume: $1.74B (+14%)
• Monthly Active Addresses: 18.32M (-8%)

Conclusion

Recent advances in digital finance highlight a shift towards blockchain integration. Franklin Templeton and other firms are enhancing traditional finance with decentralized systems, while the growth in tokenized U.S. Treasurys and advancements by Ethena Labs and Superstate demonstrate the sector’s evolution and mainstream acceptance. Major players like KfW and BlackRock are also exploring blockchain innovations.

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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.

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