RWA Tokens Making Waves at Token2049 as Real World Assets Emerge as a Key Theme

Real World Assets (RWAs) have emerged as one of the most notable themes at Token2049, standing out among the 800 side events alongside AI.

Real World Assets (RWAs) have emerged as one of the most notable themes at Token2049, standing out among the 800 side events. This surge in interest follows comments from BlackRock's CEO, suggesting that all assets could eventually be tokenized.

Meanwhile, Tether's recent profit milestone of nearly $5 million highlights the growing role of stablecoins in the industry. In other news, $LINK and $ONDO recorded the highest outflows in market activity over the past week.

Here's a closer look at these key developments:

Top RWA Tokens Making Waves

Several RWA tokens have gained significant attention due to their performance and market presence. Here are the top 4 RWA tokens to watch:

– $ONDO | Ondo Finance: Ondo Finance focuses on tokenizing U.S. Treasury bonds, having raised $49M privately at $0.02 per token. Backed by Pantera Capital and Coinbase Ventures, $ONDO has surged around 350% in 2024, with a current price of $0.729 and a market cap of $1.01B.

– $MKR | MakerDAO: MakerDAO, launched in 2014, allows users to borrow its stablecoin, $DAI, by collateralizing assets on Ethereum. With a $54.5M private round, $MKR has backing from a16z and Paradigm. Recently, $MKR saw a 27.57% decline, currently priced at $1.2K with a market cap of $1.01B.

– $PENDLE | Pendle Finance: Pendle Finance enables DeFi users to tokenize yield from crypto assets. It raised $15.5M, with a private price of $0.0982. Up 346% since early 2024, $PENDLE is priced at $5.1, with a market cap of $815.39M.

– $AVAX | Avalanche: Avalanche is a high-performance blockchain platform built for scalability and security. Used for fees, staking, and governance, $AVAX raised $56.1M in private rounds at $0.5. Currently, $AVAX is down 28% in 2024, priced at $26.6 with a market cap of $10.82B.

RWA is one of the standout topics among the 800 side events at Token2049, alongside AI. RWA gained renewed attention after @BlackRock's CEO suggested that all assets could be tokenized, and the recent success of Tether, which reported nearly $5 million in profit, highlighted the… pic.twitter.com/u8F3SmtVAa

— iCrypto | Sentiment & on-chain Analysis (@iCryptoAI) October 30, 2024

Booming Tokenized Real Assets (RWAs)

RWAs, such as real estate and precious metals, are being tokenized and integrated into the blockchain ecosystem. This innovative approach is transforming how real assets can be traded and managed digitally.

What is RWA?

RWA (Real World Asset) is a type of cryptocurrency that represents real assets such as real estate, precious metals, etc., tokenized on the blockchain.

Here are the top 4 notable RWA tokens👇

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 30, 2024

This process involves representing a portion of the underlying asset with a unique token on the blockchain. These tokens can then be traded, transferred, or used in various decentralized applications (dApps).

Tokenized RWAs offer several advantages, including increased asset liquidity, broader accessibility across global markets, and the potential for more efficient and transparent transactions.