WAT protocol is supported by three RWA assets: Hong Kong gold, Dubai real estate and Turkmen natural gas. Traditional giants accelerate on-chain migration
This article is machine translated
Show original
Odaily Planet News: Global RWA (Real World Asset Tokenization) protocol WAT (WorldAssets Protocol) announced that the gold assets of Hong Kong Meiya Group, the NU STREAM landmark property project in Dubai, and the natural gas resources of Turkmenistan's national gas company will soon complete on-chain mapping and officially access the WAT protocol ecosystem. This move creates a liquidity channel between traditional high-value assets and the crypto market through a technical framework, further promoting the standardization process of the RWA track.
1. Hong Kong gold assets are established through a gold custody warehouse by Meiya Group in collaboration with Hong Kong Heraeus Gold Refinery, converting physical gold into ERC721 ownership Non-Fungible Tokens and anchored Token ATC via the WAT protocol. Investors can hold gold asset certificates on-chain, obtaining tokens mapped 1:1 with physical gold value and stable USD returns (8%-10% annually), while avoiding liquidity restrictions and custody risks of traditional gold trading.
2. The Dubai property project NU STREAM is a high-end real estate development in collaboration with EMAAR Royal Estate Group, enabling property transactions through WAT protocol's dynamic mapping layer, allowing users to trade properties via ATC. It also mints income Token INC, injecting property investment returns on-chain.
3. Turkmenistan's natural gas resources, as a crucial global energy asset, will have its gas extraction rights and sales revenues processed on-chain through WAT protocol's compliant pre-processing layer (audited by institutions like JPMorgan) and ZK technology. This introduces energy assets with over 10% stable annual cash flow to the crypto market while ensuring transaction compliance.
The WAT protocol currently manages over $270 million, covering diverse assets including energy, real estate, and precious metals. This collaboration signifies traditional giants' recognition of the on-chain ecosystem and is expected to attract more Web2 users and capital.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content