RWA is a fungible or non-fungible token that represents traditional financial assets on the blockchain. RWA can represent both tangible assets (such as real estate) and intangible assets (such as government bonds and carbon credits).
RWA has become the second most popular narrative this cycle after Solana Memecoin. Forecasts indicate that the RWA market size may reach US$10 trillion by 2030.
Source: AlΞx Wacy
RWA covers almost all assets that play a critical role in the real world, such as:
- Commodity
- real estate
- national debt
- Insurance
BlackRock recently launched BUIDL, the first tokenized asset fund on the Ethereum network. Financial institutions are investing heavily in tokenization, which is good for the entire crypto market. And Coinbase has been selected as a critical infrastructure provider. With the joint efforts of BlackRock and Coinbase, the RWA field may be completely changed.
There is no doubt that the RWA field has huge potential that can be fully unleashed in 2024-2025. Crypto KOL ardizor has taken stock of 15 of the “most promising” projects that have the potential to become market leaders by the end of this year.
Goldfinch
Goldfinch is a decentralized credit protocol initially targeted at emerging markets.
The project is able to provide capital providers with an ROI while also offering crypto loans to creditworthy applicants who do not need to lock up cryptocurrencies as collateral.
The project is able to provide capital providers with an ROI while also offering crypto loans to creditworthy applicants without the need for collateral.
Key indicators:
- Token: GFI
- Market cap: $144.1 million
- FDV: $236.3 million
- Unlocked: 60.9% of total supply
Clearpool
The Clearpool Protocol is a decentralized capital markets ecosystem where institutional borrowers aim to obtain unsecured loans directly from the DeFi ecosystem.
The Clearpool protocol is built on the Ethereum and Polygon blockchains.
Key indicators:
- Token: CPOOL
- Market cap: $87.5 million
- FDV: $195.4 million
- Unlocked: 44.7% of total supply
Ondo Finance
Ondo's mission is to make institutional-grade financial products and services accessible to everyone.
Ondo is building the next generation of financial infrastructure to improve market efficiency, transparency and accessibility.
Key indicators:
- Token: ONDO
- Market cap: $1.18 billion
- FDV: $8.2 billion
- Unlocked: 14.3% of total supply
Nexera Foundation
Nexera is empowering the future of finance through cutting-edge open source innovation. The project uses blockchain technology to facilitate on-chain and off-chain operations, simplifying digital, financial and RWA management.
Key indicators:
- Token: NXRA
- Market cap: $189 million
- FDV: $203 million
- Unlocked: 93.1% of total supply
Polytrade
Polytrade is a blockchain-based decentralized trade finance protocol designed to connect buyers, sellers, insurance companies and investors to provide a seamless trading experience.
Key indicators:
- Token: TRADE
- Market cap: $52.7 million
- FDV: $167.5 million
- Unlocked: 32.5% of total supply
Creditcoin
The multi-chain credit protocol Creditcoin is a basic L1 blockchain designed to match and record credit transactions.
Key indicators:
- Token: CTC
- Market cap: $271 million
- FDV: $507 million
- Unlocked: 53.4% of total supply
Dusk
Dusk Network is a privacy-focused blockchain designed for financial platforms. Dusk Network provides regulated and decentralized financial services such as financing and trade automation through smart contracts.
Key indicators:
- Token: DUSK
- Market cap: $197 million
- FDV: $215 million
- Unlocked: 91.6% of total supply
IX Swap
IX Swap is a DeFi platform that trades security tokens and RWA through licensed custodians and brokers. The IX ecosystem includes security token trading, crowdfunding launch platform, tokenization as a service and fragmented NFT platform.
Key indicators:
- Token: IXS
- Market cap: $71.5 million
- FDV: $78.7 million
- Unlocked: 90.8% of total supply
Grand Base
Grand Base is a decentralized spot synthetic RWAs market designed to provide exposure to RWAs without holding the actual underlying assets.
Key indicators:
- Token: GB
- Market cap: $37.6 million
- FDV: $180 million
- Unlocked: 20.8% of total supply
Swarm
Swarm Markets enables institutional investors, such as banks and hedge funds, as well as retail investors, to trade and hold tokens based on a variety of real-world assets, such as commodities and traditional market securities, as well as cryptocurrencies.
Key indicators:
- Token: SMT
- Market cap: $41.7 million
- FDV: $166 million
- Unlocked: 25.1% of total supply
Chintai Nexus
Chintai Nexus provides comprehensive solutions for responsible digital assets and utility tokens. The Chintai Nexus platform seamlessly connects decentralized finance and traditional finance through compatible blockchain technology.
Key indicators:
- Token: CHEX
- Market cap: $198.7 million
- FDV: $198.7 million
- Unlocked: 100% of total supply
Realio
Realio is a digital issuance, investment and peer-to-peer trading platform that utilizes a proprietary distributed network to issue and connect centralized ecosystems.
It's like a complete Web3 ecosystem for RWA.
Key indicators:
- Token: RIO
- Market cap: $11 million
- FDV: $92.6 million
- Unlocked: 11.8% of total supply
Boson Protocol
The Boson protocol is Web3's decentralized commerce layer that supports the tokenization, transfer, and trading of physical objects as redeemable NFTs.
Key indicators:
- Token: BOSON
- Market cap: $61.1 million
- FDV: $107 million
- Unlocked: 60.3% of total supply
Xend Finance
Powered by Binance Labs and Google Launchpad, Xend Finance is at the forefront of financial innovation, bridging the gap between traditional finance (TradFi) and DeFi.
Key indicators:
- Token: RWA
- Market cap: $15 million
- FDV: $26.7 million
- Unlocked: 55.4% of total supply
Opulous
Opulous democratizes music financing while strengthening connections between artists and fans, creating a more equitable and supportive music economy.
Key indicators:
- Token: OPUL
- Market cap: $96 million
- FDV: $118 million
- Unlocked: 81.3% of total supply
