Xcavate has shared details of the development loan process for its decentralized and fractionalized real-estate investment platform. The process can be completed in minutes using the RealXmarket DApp, and once the applicant and asset are verified, a personalized APR offer is made. If accepted, the deed asset is minted on-chain and funding is digitally distributed in tranches based on submitted build evidence. The loan can be repaid through the traditional sale of the development or as tokenized and fractionalized NFTs on RealXmarket.
Centrifuge has partnered with RWA Oracle provider Chronicle Labs to provide enhance the transparency of the Anemoy UST Liquid Treasury Fund. Users will be able to access to verified real-time price updates, comprehensive portfolio data, and Net Asset Value (NAV) of on-chain and off-chain holdings.
Archax, the first regulated digital assets exchange in the U.K, has partnered with Centrifuge and Anemoy to bring the UST Liquid Treasury Fund (LTF) to its users. Archax will be handling sub-custodial services and KYC compliance offering a streamlined process for UK investors and broadening the market for the LTF.
The newly formed Centrifuge Treasury Advisory Group has published the CFG Q2 Treasury Report. In Q2, Centrifuge achieved a record breaking TVL of nearly $300M. They also began generating revenue from protocol fees for the first time, earning $2,201 for the treasury. Another notable development was the initiation of the RWA Lending Market Liquidity Bootstrap, which sees 60K CFG allocated to incentives for the LTF/USDC pair on Morpho.
NFTree Batch 14, Carbify's first drop on the Moonbeam Network, is now available on Rarible. Each NFTree represents ownership of a real tree in the Amazon rainforest and rewards its owner with aCO2 tokens (carbon debits) which can be burned to offset carbon emissions or sold at CO2 voluntary market prices.
Tannsi announces a collaboration with fractional real-estate investment platform KastorFinance. Through its affordable investment offerings, KastorFinance gives Latin American investors the opportunity to invest in the North American real-estate market. By utilizing Tanssi's appchain infrastructure, KastorFinance benefits from customizability, improved security, and cross-chain interoperability.
A new suite of advanced reporting features have been launched on the Centrifuge app. The new Pool Overview page now displays the historical movement of NAV and all cash flow movements. Users can now click on any asset within a pool to view comprehensive asset pricing data, key metrics, holdings, and transaction history. The Reporting tab adds a Balance Sheet, Profit and Loss Statement, Cash Flow Statement, and Investor Transactions Report.
🗓️ Wednesday 3rd Jul 2024 19:00 BST 📍 Sway Bar 61-65 Great Queen Street London A real world event exploring Real World Assets in the Polkadot ecosystem featuring presentations by David Bakk (Polimec), Richard Houldsworth (Xcavate), Shalydon Brown (Proof of Law), Tom Humber (Archisinal), and Sean Murphy (Impactscope).
The Moonbeam foundation has allocated funds totalling 13 million USD towards innovation development of Gaming, RWA, and Moonriver. A partnership with N3MUS for mainstream gaming has already been confirmed. Furthermore, part of this fund goes towards the ongoing ecosystem grants for both Moonbeam and Moonriver.
Peaq welcomes NyxCarbon into its ecosystem. NyxCarbon identifies as being a lending platform for carbon removal and ecosystem restoration businesses and has chosen to build on the Peaq L1. This brings about a new class of Real World assets that focuses on the environment with services such as commodity swaps and lending markets linked to real-time climate data financing.
TVVIN, a platform for the RWA tokenization of precious metals, announces its expansion to Polkadot. They will launch their LBMA-certfied gold token VVG and platform utility token TVVIX on Polkadot. The project started its life on Cardano, and the team plans to include them in its omnichain strategy. However, the company feels that Cardano presently lacks the necessary functionality required for RWAs. Polkadot offers immediate solutions, such as comprehensive asset management on Asset Hub, native USDC/USDT, and EVM compatibility. Furthermore, TVVIN plans to make full use of Polkadot's trustless bridging to Ethereum in the near future.
Tanssi announces a collaboration with RWA tokenization plattform Sonica. By launching a dedicated appchain with Tanssi, Sonica will benefit from a rapid and efficient appchain deployment while leveraging EVM compatibility for a seamless transition from an Ethereum Solidity coding environment. Furthermore, they will benefit from the customizability, scalability, and security of Tanssi's Substrate based appchain environment.