Real World Assets (RWAs) are assets from the physical world that have been tokenized and brought onto blockchain platforms for use in decentralized finance (DeFi) applications. These assets are represented as digital tokens on the blockchain, allowing them to be utilized within various DeFi protocols. RWAs can include tangible assets like gold and real estate, as well as intangible assets such as government bonds or carbon credits.
Here are the top 5 notable Real World Assets (RWA) crypto projects in 2023:
- Goldfinch: Goldfinch enables businesses in emerging markets to access crypto lending without the need for crypto collateral. It allows loans to be collateralized with RWAs, making crypto loans accessible to a wider audience. The platform uses auditors to vet potential borrowers.
- Centrifuge: Centrifuge focuses on tokenizing previously illiquid debt, offering a streamlined solution for structured credit tokenization and lending. It has integrated its tokenized assets into various DeFi platforms.
- MakerDAO: MakerDAO is a collateralized debt platform on Ethereum that has adopted RWAs as collateral, maintaining the stability of the DAI stablecoin. MakerDAO’s decentralized governance ensures transparency and stability.
- Maple Finance: Maple Finance operates as a blockchain-based credit marketplace with nearly $2 billion in total loans issued. It plans to expand into receivables financing and tokenizes real world assets to support its lending pools.
- Ondo Finance: Ondo Finance specializes in tokenizing RWAs, including short-term US treasuries, investment-grade bonds, and high-yield corporate bonds. It aims to provide institutional-grade blockchain-enabled investment products and services.
These projects are at the forefront of integrating RWAs into DeFi, bridging the gap between traditional finance and blockchain technology. They aim to democratize access to financial services and promote financial inclusivity on a global scale. Each project has unique features and goals, contributing to the growth and evolution of the DeFi ecosystem.