Research Summary
The report provides an overview of the current state of Real-World Assets (RWAs) in the crypto space. It covers various aspects of RWAs, including tokenized US Treasuries, private credit platforms, structured credit ecosystems, and decentralized credit marketplaces. The report highlights the growth and progress of several companies and platforms such as Tokenized Treasuries, Goldfinch, Maple Finance, Centrifuge, RWAs on Polygon, and Clearpool. It also provides insights into the performance and impact of these platforms and assets in the crypto market.
Actionable Insights
- Tokenized US Treasuries: Companies have issued over $600M in tokenized US treasuries, with almost 50% of all tokenized treasury products issued on Stellar.
- Goldfinch: A private credit platform that has over $100M of active loans and has earned $2.14M of revenue.
- Maple Finance: Has over $27M in deposits in its USDC Cash Management Pool designed for non-US DAOs, offshore companies, and HWNIs.
- Centrifuge: An onchain ecosystem for structured credit that has originated over $126M in RWAs for institutional loans.
- RWAs on Polygon: Hosts more than $100M worth of real-world assets from TradFi institutions, providing them with the benefits of an onchain environment with cheap gas fees.
- Clearpool: A decentralized credit marketplace that has originated over $400M in loans to date.
