The idea of tokenizing real-world assets is gaining pace, said Securitize CEO Carlos Domingo, It is a very natural extension to offer [investors] tokenized alternative assets to complement their portfolios. Asset tokenization firm Securitize has acquired digital asset wealth platform Onramp Invest, which will enable registered investment advisors (RIAs) to help clients buy tokenized assets.
Goldfinch, one of the most successful DeFi investment protocols extending credit to developing countries, has become something of a cautionary tale after a borrower in East Africa defaulted on a $5 million loan. Loan experts told DL News that Goldfinch’s loans are probably underpriced relative to the risk involved investing in firms in emerging markets.
Frax stablecoin founder Sam Kazemian proposed using a U.S. shell company as a conduit for the algorithmic stablecoin startup to custody cash deposits, reverse repo contracts, Treasury bills, and other traditional financial instruments backing FRAX. The plans are part of the project’s wider real-world asset strategy.
MakerDAO, the Ethereum-based decentralized stablecoin issuer, attracted nearly $1 billion in investments in less than a week after a plan to increase the DAI Savings Rate to 8%. The customer acquisition strategy isn’t all that different from a bank increasing interest on savings accounts.
Republic, a retail investment platform that allows anyone to invest in startups, crypto, real estate, and other asset classes, is building a self-custodial, multi-chain, and multi-signature wallet specifically with tokenized securities in mind.
Gitcoin, a crypto-powered platform that blends crowdfunding and open-source software funding, announced it will collaborate with the multinational gas and oil conglomerate Shell PLC to develop open-source climate solutions over the next four quarters. Shell will donate as much as $500,000 to Gitcoin fundraising rounds that help bootstrap startups and crypto projects focused on building digital public goods and/or use crypto to build solutions in the real world.
Real-World Assets, Tokenization, Securitize, Onramp Invest, DeFi, Goldfinch, Frax, MakerDAO, DAI Savings Rate, Republic, Gitcoin, Shell PLC, Climate Solutions, Open-Source Software, Blockchain Technology, Crypto Projects, Digital Public Goods, Tokenized Securities