RWA: Cardano taps into Real World Assets
The Cardano approved a major proposal from the Genius Yield protocol to increase its involvement in the Real World Assets (RWA) ecosystem.
Quick overview
- The Cardano ecosystem is expanding into the real-world asset (RWA) tokenization market with a major proposal from the Genius Yield protocol.
- The Genius Yield protocol has authorized the second milestone in RWA swaps, focusing on asset auditing and ownership verification.
- Future developments include an online onboarding portal for asset owners and a system for award distribution and token issuance.
- Tokenizing real assets like diamonds and real estate could significantly enhance liquidity in traditionally illiquid markets, with potential market value reaching $16 trillion.
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The Cardano (ADA) ecosystem is expanding in the real-world asset (RWA) tokenization market.
The Cardano approved a major proposal from the Genius Yield protocol to increase its involvement in the Real World Assets (RWA) ecosystem.
The Genius Yield protocol for the RWA trading platform has authorized the second milestone in RWA swaps.The F12 Catalyst proposal outlines crucial processes like asset auditing checks and ownership verification. These behaviors are evidence of genuine ownership and authenticity.
The next phase of the platform’s development involves building an online onboarding portal for asset owners.
The project will also set up an award distribution and token issuance before the platform’s launch. One of Cardano’s RWA-focused projects is Genius Yield. Empowa is also developing a platform for financing real estate in Africa.
Real-world diamonds are among the most fascinating uses of cryptocurrencies. Users can acquire part of these priceless assets by tokenizing and trading diamonds.
Real assets must be converted into tradable tokens and added to the blockchain. These tokens can represent fractional ownership, a major benefit in illiquid markets, like fine art and real estate. The Boston Consulting Group estimates that the market value of tokenizing illiquid assets could reach $16 trillion.
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