Real World Assets
From CryptoWiki
- A term that got popular during 2023. It describes assets that are tokenized, often backed by oracles.
- Lots of DeFi projects started to look for yield during the 2022/2023 bear market and found PMF with USD government bonds, among which, MakerDAO.
History
- From Our Network (17-5-2024):
"Early RWA issuances existed primarily on private, permissioned blockchains such as Nasdaq Linq (2015) and JPM Quorum (2016). These platforms offered asset managers the controlled and confidential environments that TradFi players were used to. Over time, asset managers have increasingly turned to public blockchains, primarily out of a desire for interoperability. Recent public blockchain issuances come from asset managers like BlackRock (Ethereum) and Franklin Templeton (Stellar & Polygon)."
