Real World Asset (RWA) is the market narrative that has been stirring a lot of attention, along with others.
For example, BlackRock has recently adopted the concept of the RWA narrative. Is this good news? There is only one way to find out. In this article, we will examine 18 RWA projects that will be massive in 2024. But first, let’s see how BlackRock impacts the RWA narrative.
BlackRock and its Impact on RWA Assets
The Real-World Assets (RWA) sector has gained much traction over the past few years. RWA is about tokenizing real-world assets to digital properties, which makes ownership easier. You can tokenize assets like your regular currencies, commodities, stocks, real estate, and art. Tokenizing such assets increases investment opportunities.
Recently, BlackRock, a top global investment solutions provider, launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum Blockchain. The launch of BUIDL would lead to more institutions using blockchain technology, making their operations fairer and much better. So, how does this affect RWA?
.@BlackRock’s CEO Larry Fink wants to tokenize stocks, bonds, every financial asset he can.
Real world assets (#RWA) adoption in crypto is still in its early stages, but it has the potential to revolutionize the way we invest and interact with the financial system.
Nasdex is… pic.twitter.com/v9H2wUN7F0
— Alvin Foo (@alvinfoo) January 15, 2024
BlackRock’s involvement in RWA would potentially boost its value, with the possibility of RWA tokens doing over 100x in 2024. The tokenization of real-world assets brings efficiency, accessibility, and transparency to the asset market, benefiting both investors and the owners of the assets. Let’s look at the RWA projects that have the potential to lead the market in 2024
1) Dusk Foundation
The native token of Dusk Foundation is $DUSK, currently at $0.53, with a market cap of $225M. Dusk is a Layer 1 blockchain platform focusing on user privacy, compliance, and real-world assets.
Get to know #DUSK
Dusk is an L1 with the 3 key pillars of #privacy, #compliance, and #RWAs. #Mainnet is scheduled for March/April 2024 will be powered by the $DUSK token.
We've been talking about Regulated and Decentralized Finance, aka #RegDeFi for a long time! pic.twitter.com/JN8mu5vFXE
— Dusk (@DuskFoundation) December 27, 2023
Dusk wants everyone to have easy access to trading real-world assets in their wallets while maintaining privacy as a human right. That’s an excellent innovation because there is no need to go through the stress of using DEXs to trade RWA.
2) Ondo Finance
$ONDO is $0.824, and its market cap is $1.1 billion. Ondo’s primary goal is to give everyone access to quality financial services. They are building advanced financial systems to achieve easier market access.
📢 OUSG will soon offer 24/7/365 subscriptions and redemptions via USDC and transition its backing predominantly into the newly launched @BlackRock USD Institutional Digital Liquidity Fund (BUIDL).https://t.co/qXmC3Y3adm
— Ondo Finance (@OndoFinance) March 27, 2024
3) Creditcoin
Creditcoin is solving the absence of a credit system for those who need access to the regular traditional banking system in developing economies. How can it solve this issue? By recording credit transaction history on a public blockchain.
📖 Explore the future of #RWAs on Creditcoin 🧵 👇
⛓️Creditcoin pioneered the world’s first #RWA tokenized credit ledger, with 5M real-world loans recorded on-chain, worth over $80M USD.
As RWAs continue to mature, Creditcoin is now set to enter phase 1 of its RWA evolution👉… https://t.co/NoAli0FrRE pic.twitter.com/1QXLM6FCeQ
— Creditcoin 🐧 (@Creditcoin) March 29, 2024
Creditcoin’s token, $CTC, is currently at $0.9 with a market cap of $297 Million. That’s not all; Creditcoin also allows you to earn USDT prices by learning about its achievements.
4) IX Swap
It is the Uniswap for real-world assets, but it is for security tokens. IX Swap’s token, $IXS, is currently at $0.67 with a market cap of $112.4 Million.
RWAs are one of the fastest growing sectors in #crypto right
However many crypto projects use the words RWAs/STOs without creating solutions for the existing illiquidity problems and having no product or licences to show
IX swap is different👇🏽
— IX Swap (@IxSwap) January 5, 2024
With IX Swap, you can trade tokenized assets, $IXS, and access to a launchpad. There is also a reward of $10,000 $IXS on their X page.
5) Maple Finance
Maple Finance is a platform for lending digital assets.
⛓️ After being live on Ethereum, Solana and Base – Maple is further expanding its multi-chain presence .. more to come on that soon!
⚡️A short teaser below: pic.twitter.com/6poehbbvpO
— Maple (@maplefinance) April 5, 2024
Maple’s token, $MPL, is currently at $21.5 and has a market cap of $95.4 million.
6) Realio Network
$RIO is Realio’s utility token, currently at $2.48 with a market cap of $16.3 Million.
Our roadmap for 2024 has been released! 💪
This roadmap outlines our development journey now through the end of the year!#Realio #LMX #RealioNetwork #DApp #KYC #Freehold #RWA #Districts #Issuance #Tokenization #Web3 pic.twitter.com/NM2MbB9rsQ
— Realio (@realio_network) February 15, 2024
Realio is an RWA platform that handles everything from creating to managing digital securities and assets. Continue reading the second part.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
