Real World Assets Tokenization – RWA Crypto Tokens with Potential Airdrops

Tokenizing physical assets is an emerging blockchain use case. BitPinas prepared a list of RWA protocols that has potential airdrop.

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Updated on May 20, 2024.

Real World Assets (RWA) is one of the emerging use cases of blockchain technology that the community has been watching for quite a time. 

It is because RWA is the process of tokenizing liquid assets that exist in this physical world—real estate, luxuries, commodities, and even government treasuries. 

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In fact, a report from Boston Consulting Group estimated that the RWA market by 2030 could reach $16 trillion. 

Even BTC ETF-issuer Blackrock CEO Larry Fink expressed his belief that tokenization of assets, especially securities, is the next evolution of the financial market. 

At BitPinas we have reported about two RWA projects IX Swap and Investa X.

(Read more: 15+ Potential Crypto Airdrops to Watch Out For in 2024)

Advantages of RWA

Stablecoins are among the prime example of RWA. For instance, for every 1 $USDC available on the market, $1 is reserved on financial institutions. Stablecoins are helpful for individuals who want to send and receive fiat-valued currencies without going to banks. 

And because physical assets have been tokenized on-chain, the true value of an asset can be viewed, highlighting transparency to the public. 

The tokenization of real-world assets also offers efficiency, as when assets are tokenized,  fractionalization of the asset will be possible, allowing people to have partial ownership using just their crypto wallets.

Lastly, tokenized assets can also serve as collateral in (decentralized finance (DeFi) protocols. This enables more web3 users to lend and borrow and provides liquidity.

How Does RWA Work?

DeFi protocols are the ones responsible for tokenizing physical assets. But before the process takes place, the asset should ‌first have value, ownership, and good legal standing in the physical world. 

The next step includes turning the asset’s information into a digital token. In this part, the data of the asset, including the value and ownership, will be embedded within the token’s metadata. 

After the token is fully available, it will be fully launched to DeFi protocols. Like cryptocurrencies, a RWA’s fiat value is also influenced by the supply-and-demand mechanism. 

Aside from this, the market price, performance history, and physical condition of the asset are also among the factors that influence the value. For big time assets, such as real estate, they must have undisputed legal ownership, documented by deeds or invoices.

DeFi Protocols Launching RWA: A Game Changer?

Most physical assets are sold through traditional financial institutions. It is almost unbelievable to sell a property online and transactions will be purely digital. 

DeFi Protocols proved it is not true. With the tokenization of physical assets, more and more are exposed to financial freedom, giving them the opportunity to own and earn from RWA. 

With this, BitPinas has curated a list of DeFi protocols engaged in utilizing RWA with potential airdrops or rewards systems to those who will engage with these platforms. 

Frax Finance

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Frax Finance (https://frax.finance) is a decentralized protocol with three subprotocols, each containing a stablecoin. The three stablecoins are $FRAX, a dollar-pegged asset; Frax Price Index ($FPI), pegged to a basket of consumer goods; and FraxEther ($frxETH), pegged to $ETH as a replacement for WETH in smart contracts.

The third subprotocol, FRAX v3, recently launched and claims to utilize an RWA strategy that yields returns close to the Interest Rate on Reserve Balances (IORB) rate with minimal duration risk.

The RWA it offers include: 

  • Short-dated U.S. treasury bills
  • Federal Reserve Overnight Repurchase Agreements
  • USD deposited at Federal Reserve Bank master accounts
  • Select shares of money market mutual funds

May Update: An airdrop is still speculative. Frax has a strong community and active governance, leading many to speculate about an upcoming airdrop campaign.

Lingo

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Lingo (https://www.lingocoin.io) is a blockchain startup using real estate to reward its community with vacations and onboard more web3 natives.

In February, Lingo had a rewards system for staking its native token. Points earned are redeemable for real-world rewards, such as free coffee or a staycation.

According to its website, the rewards program is fueled by assets owned by Lingo Holding Company, and each transaction on the platform helps grow the firm’s real estate portfolio.

May Update: The startup is soon to host its token presale at https://lingocoin.io/angel-round/. Alongside this presale is an “airdrop farming” campaign.

Credix 

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Credix (https://credix.finance) is a credit ecosystem that allows the tokenization and securitization of real-world assets.

In its whitepaper, Credix claims to work “directly with local borrowers, such as FinTech lenders, to provide them capital at an attractive interest rate, so they can use these funds for lending purposes.”

Users can invest in different pools of local lenders, while accredited investors, such as hedge funds and private equity, can directly invest in credit deals on the platform.

May Update: An airdrop is still speculative. Credix is attracting investors and borrowers from Latin America and is expanding to different regions. This expansion has led to speculation about an airdrop campaign.

Maple

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Maple (https://www.maple.finance) is an Ethereum-based capital marketplace. It is a platform for credit experts to start and scale lending businesses.

Maple offers a list of lending pools where users can choose the Pool Delegate that suits their liquidity, risk, and return requirements.

Recently, Maple introduced a treasury management solution designed specifically for DAO treasuries. The latest pool ensures that deposited funds are sent to a special-purpose vehicle (SPV) that is only permitted to buy U.S. Treasuries.

May Update: An airdrop is still speculative. However, Maple is expected to host an airdrop to its stakers in the future in relation to its token, $xMPL. It also has an active bounty campaign at https://immunefi.com/bug-bounty/maple/.

Clearpool

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Clearpool (https://clearpool.finance) is a Polygon-based decentralized credit marketplace for unsecured institutional liquidity.

According to its whitepaper, Clearpool’s permissionless single-borrower pools enable institutions to raise short-term capital while providing DeFi lenders access to risk-adjusted returns based on interest rates derived by market consensus.

The platform allows users to earn compounding interest on every block by lending to vetted institutions, stake $CPOOL to help secure Clearpool’s interest rate mechanism, and transfer CPOOL between Ethereum and Polygon chains.

May Update: An airdrop is still speculative. Clearpool is featured by Bloomberg, CoinDesk, BlockWorks, The Block, and TechCrunch due to its permissionless and KYC and AML-compliant platform. This attention could lead to a generous airdrop campaign. It also has an active Bounty Program.

Centrifuge

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Centrifuge Protocol (https://centrifuge.io) facilitates the decentralized financing of real-world assets natively on-chain.

Within the Centrifuge platform, asset pools are fully collateralized, liquidity providers have legal recourse, and the protocol is asset-class agnostic with pools for assets spanning mortgages, invoices, microlending, and consumer finance.

The protocol allows users to choose between pools of different asset classes, including U.S. Treasuries, Structured Credits, Invoice Financing and Accounts Receivables, Real Estate Bridge Loans, Whole Loans, and Debt Facilities.

May Update: An airdrop is still speculative. Like Frax, Centrifuge also has active governance, leading to speculation about an upcoming airdrop campaign.

Goldfinch

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Goldfinch (https://goldfinch.finance) is a decentralized credit protocol that aims to bring the world’s credit activity on-chain, expanding access to capital and fostering financial inclusion.

What makes Goldfinch unique is that it allows for crypto loans without requiring crypto collateral. This technique enables access to cryptocurrency capital for more people worldwide:

“By incorporating the principle of trust through consensus, Goldfinch creates a way for borrowers to show creditworthiness based on the collective assessment of other participants, rather than over-collateralizing with crypto assets.”

May Update: It has an active $GFI rewards system at https://app.goldfinch.finance/gfi.

360X

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360X (https://www.360x.com) is a marketplace for tokenized rights in alternative asset classes such as art, music, and real estate. It is regulated by the German Federal Financial Supervisory Authority.

According to its team, 360X users can expect access to a range of high-quality assets with varying yields and terms:

“Our goal is to provide trusted and simple access to high-quality and expert-verified assets. Together with our partners, 360X Art AG (art), 360X Music AG, and Twelvebytwelve GmbH (music), and Tectrex AG (real estate), we aim to establish a standard for creating tokenized rights in the respective fields of expertise.”

May Update: Interested users can pre-register to secure early access once the platform launches. Speculation about an upcoming airdrop for early users has emerged.

Defactor

Defactor (https://www.defactor.com) is a decentralized protocol aiming to bridge the DeFi and RWA industries.

Defactor’s goal is to integrate and accelerate the tokenization of RWAs to provide an open and transparent backend for liquidity provision, asset custody, and valuations:

“The vision is to democratize access to financial opportunities by building a robust framework for businesses around the globe to tokenize their assets. This technology-driven approach facilitates diverse and remunerative investment opportunities, paving the way for a more equitable and inclusive financial landscape.”

May Update: Defactor has its own token, $FACTR. Out of the 300 million token supply, 23% is allocated for incentivizing growth in the overall ecosystem, leading to speculation about an airdrop campaign.

This article is published on BitPinas: Real World Assets Tokenization – RWA Crypto Tokens With Potential Airdrops

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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