Polytrade's RWA Digest Edition #7: On-time for T-bills
Welcome to the seventh edition of our bi-monthly newsletter, where we'll explore the intersection of Real-world Assets and DeFi. LFG 🚀👀
RWA Highlights of The Week
Industry Leaders Form ERC3643 Association to Propel Standardization of Tokenization
MakerDAO Now Earns 80% Of Its Fee Revenue From Real-World Assets
More Tokenized Treasuries Arrive on Polygon as Digital Bond Market Expands
Ripple Eyes Tokenized Assets Sector As It Expects Market Cap To Reach $30 Trillion
The Rise of Tokenized US Treasuries to $638,391,837
The macroeconomic backdrop has changed, with the risk-free rate of return from US Government Treasuries now over 4%, causing the Zero Interest Rate Phenomenon asset bubble to retract. This has led investors to shift their exposure from crypto assets to US Treasuries, particularly through tokenization. About $638,391,837 has been invested in on-chain treasuries led by Franklin Templeton, Ondo, MatrixDock.
Tokenizing US Treasuries addresses two main issues: providing crypto-natives access to non-cryptocurrency products and allowing traditional issuers to reach new buyers. Tokenization offers stablecoin holders an opportunity to earn yield while remaining on the blockchain, which was previously unavailable under a high-rate environment.
For large asset managers, tokenization opens new distribution channels to attract customers who prefer holding assets in digital form on the blockchain. Many institutions believe in the permanence of cryptocurrencies, evident from the growing interest in spot Bitcoin ETF applications.
Tokenization represents a potential paradigm shift in the financial industry, similar to the adoption of Exchange Traded Funds (ETFs). Over the past six months, several companies have started offering tokenized US Treasuries products, indicating growing interest in this space. Tokenization promises composability, allowing investors to use tokenized treasury tokens as receipts of their holdings and potentially as payment tokens or collateral.
Polytrade Updates
A Month to ERC-6960
It’s already been a month..since Polytrade authored an ERC Standard specially designed for tokenizing and fractionalizing real-world assets.
The primary objective of the dual-layer token (DLT) standard is to overcome the limitations and deficiencies found in the ERC-1155 token standard. Additionally, it strives to enhance the classification and administration of ERC tokens.
Read more about how ERC-6960 is a game changer for real-world assets:
https://twitter.com/Polytrade_fin/status/1679626770486792192
Chat with DWF Labs
In this conversation, hear Piyush Gupta, Founder, and CEO of Polytrade, talk about:
🔸Trade Finance industry and the birth of Polytrade
🔸The full cycle of the solution and the business model of Polytrade
🔸How Polytrade has solved the tokenization problem
🔸The future of tokenization and RWA and more!
Q2 Recap
Polytrade’s growth has been dynamic and filled with noteworthy achievements and milestones. Read the Q2 edition and get a comprehensive overview of the key happenings across Polytrade offering some valuable insights into the ever-evolving world of DeFi.
https://polytrade.finance/static/media/vol8.2219608aaeb56d88b404.pdf
Events
Team Polytrade is at EthCC. The Ethereum Community Conference (EthCC) is the largest annual European Ethereum event focused on technology and community, celebrating 6 years of events for the community, by the community.
If you’re around, we would love to catch up! Fill
Polytrade at FiNext Conference
Polytrade Stats
Lender Stats
🌊Deal Pipeline
$55,905,150
💸 Total Credit Lines
$10,500,000
💰Trade Assets Funded
$3,004,870
🔢Number of Disbursements
168
🏊♀️ Number of Pools (Active)
Trade Finance Pool 7 Ended, V3 pools coming soon with new tenures, rates, and redemptions
Marketplace Stats
🔥Total Asset Value Purchased
$119,733.68
🔥Average Return
12.50% + 15% $TRADE - 27.5% Blended
🔥Assets Sold
24
Community Stats
👛 $TRADE Wallets
Polygon: 2,817 | BSC: 529 | ETH: 349
👯♀️ Community
Twitter: 61,751 | Telegram: 6,171 Members | Discord: 837 Members | Linkedin: 5,102
Suggested Reading
U.S. Senate Bill Calls for Strict KYC and AML Regulations for DeFi
Biggest DeFi Lender Aave Set to Launch Decentralized Stablecoin
Substack of the week:
🔓 Get the full potential of your investments by capitalizing on the highly secure RWA USD yields offered by Polytrade.