2024-03-22 07:20:24

#Which will be the next trending narrative, RWA, AI, L2?

#ContentStar #GateioBountyCreator #HotTopicDiscussion Real World Asset (RWA) involves the digitization of tangible assets. The core idea is to convert traditional assets such as real estate, securities, and commodities into tokens that can be stored and traded on the blockchain.
In fact, the RWA Coin trend has been targeted by many major financial institutions (Fubon Bank, Standard Chartered, etc.) and countries (Singapore, Japan, UK, Switzerland) throughout 2023.
Experts from the Federal Reserve have suggested that RWAs could bring several benefits such as lowering investment thresholds, promoting standardization, improving liquidity, and asset digitization through smart contracts.
According to a study, RWA is the fastest-growing decentralized finance (DeFi) asset class. As of March 21, 2024, the Total Value Locked (TVL) in the RWA space has quadrupled from $900.63 million to nearly $4.1 billion in the past year.

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