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:
- Weekly RWA Highlights
- RWA Market Commentary
- Narrative Overview
- RWA Category Insights
- Tokenized Assets Analytics
1）Weekly RWA Highlights
Meme Coins, Real World Assets, and AI Dominate the First Half of 2024
As the first half of 2024 concludes, three major trends have driven significant profitability in the crypto space: meme coins, real-world assets (RWA), and artificial intelligence (AI). Meme coins have led the charge, indicating a major shift in crypto dynamics and investor interests.
RWA Swarm Markets Platform Launches Tokenized Gold
Berlin-based Swarm Markets has launched a fully asset-backed digital gold represented by non-fungible tokens (NFTs). Each NFT represents a specific gold bar, with unique identifiers verifying ownership, stored in Brink’s secure vaults in London. This initiative allows investors to trade gold digitally, improving liquidity and accessibility.
RWA Market Needs to Grow 100x for Financial Institutions to Start Caring: Polygon Labs Exec
According to Polygon Labs’ Global Head of Institutional Capital, the RWA market must grow 50 to 100 times to attract significant institutional interest. In Q1, RWA-related tokens saw a 286% average increase, with the market cap of tokenized US Treasuries hitting $1.72 billion. This growth signals strong future potential.
Arbitrum Committee Recommends Diversifying 35 Million ARB into USDY and Other RWA Products
The committee has proposed diversifying 35 million ARB tokens into USDY and other RWA products, approximately $4.5 million at ARB’s current price. This move aims to stabilize and enhance the value of the DAO treasury through RWAs.
McKinsey & Company Forecasts a $2 Trillion Market Cap for Tokenized Real-World Assets (RWA)
McKinsey & Company projects a $2 trillion market cap for tokenized RWAs by 2030, with a bullish scenario reaching up to $4 trillion. Boston Consulting Group (BCG) and 21Shares predict even higher market caps of $16 trillion and $10 trillion, respectively. These projections highlight RWAs’ vast growth potential and impact on the financial sector.
BlackRock, Fidelity, JPMorgan Lead RWA Tokenization
Leading financial institutions like BlackRock, Fidelity, and JPMorgan are pioneering the RWA tokenization trend. Their involvement marks a significant shift towards blockchain technology in finance, showcasing increased trust and integration of blockchain for market efficiency and accessibility.
2）RWA Market Commentary
Key Highlights:
Launch of Tokenized Gold by Swarm Markets: The Berlin-based platform Swarm Markets has made a notable entry into the RWA space by launching tokenized gold backed by non-fungible tokens (NFTs). Each NFT corresponds to a specific gold bar, verified by unique identifiers and securely stored in Brink’s vaults in London. This initiative is set to enhance the liquidity and accessibility of gold trading, attracting a broader range of investors.
Institutional Interest and Market Growth: McKinsey & Company’s forecast of a $2 trillion market cap for tokenized RWAs by 2030, with bullish scenarios projecting up to $4 trillion, highlights the immense growth potential of this sector. Similarly, Boston Consulting Group (BCG) and 21Shares predict market caps of $16 trillion and $10 trillion, respectively. Such projections are bolstered by the involvement of leading financial institutions like BlackRock, Fidelity, and JPMorgan, indicating a significant shift towards blockchain technology in traditional finance.
3）Narrative Overview
Top Performing narratives (Change in the last 7 days):
- Layer 2: 3%
- Chain Abstraction: 0.9%
- DePIN: 0.5%
- RWA: 0.5%
RWA Index Ranking 8th
4）RWA Category Insights
Market Cap: $7.5B (5%)
Top Gainers:
- 3DPass (+49%)
- Decentralized ETF (+3%)
- Brickken (+2%)
Market Cap Ranking:
- Ondo $ONDO
- Pendle $PENDLE
- Mantra $OM
5）Tokenized Assets Analytics
Private credit
- Active Loan Value: $8.2B
- Total Loans Value: $13B
- Total Loans: 1908
Tokenized Treasuries
- Total Value: $1.8B (+0.4%)
- Average Yield To Maturity: 4.95%
- Holders: 5,020
Stablecoins:
- Market Cap: $160B (-0.1%)
- Monthly Transfer Volume: $1.9T (-30%)
- Monthly Active Addresses: 18.3M (-8%)
Conclusion
The first half of 2024 has seen substantial advancements, with platforms like Swarm Markets introducing tokenized gold and initiatives like Arbitrum’s treasury diversification underscoring the strategic integration of RWAs. The involvement of major financial institutions such as BlackRock, Fidelity, and JPMorgan further validates the growing credibility and potential of RWAs.
If you have read till the end, we have some alpha for the diligent Goons, we’ve already had 100k mints and dont miss out on minting your legendary Goons here: https://miles.plumenetwork.xyz/mint
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