Crypto Market Jolted By MakerDAO’s $1 Billion Investment In Tokenized Treasuries
MakerDAO, the leading DeFi platform, has revealed a significant $1 billion investment in tokenized US Treasury securities in a move that has rocked the crypto industry. This strategic action is likely to change the basic principles of the decentralized finance (DeFi) ecosystem. Related Reading: Coinbase Sounds The Alarm: Crypto Market Rollercoaster To Persist Major Players […]
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The XRP Ledger (XRPL) has achieved a new milestone, hitting $3 billion in total tokenized value on the network. Crypto pundit X Finance Bull highlighted the significance of this milestone, although it looks unlikely to have any impact on price for now. XRP Ledger Hits $3 Billion In Total RWA Value According to data from RWA.xyz, the XRP Ledger has reached $3 billion in total RWA value, representing a 59% increase over the last 30 days. The network currently has 291 RWA projects on the network. Crypto pundit X Finance Bull noted that in a market where people keep acting like utility does....
Quick Facts: 1️⃣ Over $8.3B in real-world assets are already tokenized on-chain and growing fast. 2️⃣ Banks like Goldman Sachs and BNY Mellon are integrating blockchain custody for Treasuries and money-market funds. 3️⃣ $HYPER, $BEST, and $LINK are well-positioned to benefit from the next phase of tokenization. 4️⃣ The shift from DeFi vs. TradFi to […]
There is a substantial demand for tokenized bonds and real estate. The market for tokenized assets is rapidly growing, with a value that has surpassed $50 billion. Related Reading: Meme Coin Platform Pond.fun Loses 65 ETH In Insider Job Real estate comprises a substantial portion, with tokenized properties totaling $30 billion. Financial analysts anticipate that […]
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) have increased by 7.69% in value since January, as roughly $700 million was added to the projects’ caches in eight months. DAO Treasuries Jump 7.6% Higher in USD Value, Since 2016 the Value Held by Decentralized....
The XRP Ledger is hosting tokenized US Treasuries, money market funds, and real estate instruments, but it is also hosting something far more fundamental than these. Electricity has become one of the largest real-world assets now represented on the XRP Ledger. Data from RWA.xyz shows JMWH, an energy-linked token issued through Justoken, with a total […]