🐦 Plume Bringing The Billions to RWA!?

BlackRock continues to kick in the door to RWA, backing Ethena’s new BUIDL-backed stablecoin and poised to scale tokenized assets by 45% over the next three years. 🚪

But they’re not alone. RWA-dedicated L2, Plume, is bringing $1.25 billion on RWA on-chain by the end of Q4! They’ve been doing amazing work and will be at RWA Day… just in case you still need tickets. 🎟️

🎯🔥 Rapid Fire Takeaways:

💜 Blockchain-Based Investment Platform Assetera to Offer Tokenized Assets on Polygon

🐦 Plume Network ready to tokenize $1.25 billion of RWA by the fourth quarter

📜 Anemoy Partners with Archax to Launch Tokenized US Treasury Fund

🎄 Korean Tokenized Deposits Hit Market in December

6️⃣ Switzerland’s SIX explores launching crypto exchange

🛑 Canada Scaling Back CBDC Development

💻 Germany’s central bank is creating DLT team, hiring engineers

The result of these trends is trillions of dollars flowing on-chain over the coming years, according to Chainlink’s Sergey Nazarov. ⛓️

Last week, we said $100 billion… maybe we should have said $10 trillion? 👀

🏜️ The Desert Connection Looms

With everyone fully recovering from Token2049, we’re looking forward to October 8 in Salt Lake City, Utah! 💥

We have standing room left in the room for RWA Day, where you can engage live with team members from Plume, XDC, VanEck’s Segmint, and more! We’ll see you there. 🎥

Oh, and don’t forget to follow RWA World on X for live Spaces on Thursday and Friday at 2 pm EDT, in conjunction with our amazing partners like WolfWeb3. 🐺

🏗️ Tokenization Platforms and Partners

Inflows follow infrastructure, and the builders have been hard at work. From SID real estate working with Assetera (which recently expanded to Polygon) to Kinka gold launching on Cardano, more tangible assets now have viable ways to come on chain. Add in WisdomTree’s new tokenization platform, and options are becoming increasingly available to issues. 🚀

Collaborations are also making the work easier, with INX and Backed collaborating on a new tokenized stock offering. 21X also teamed up with Apex to make its entry into European markets more seamless. They also partnered with SBI DM to list their tokenized securities on EU DLT exchanges. Anemoy is also making big moves, partnering with Archax for a tokenized US Treasury fund and tapping Chronicle for their RWA oracles on Centrifuge.  🤝

💹 Stablecoins Growing Massively

With a 9-figure market cap, stablecoins have the best product-market fit in RWA so far. Circle is a frontrunner, launching a compliance platform to make it easier and expanding to Sony’s new L2 blockchain, Soneium. Even Visa is joining the party, helping banks issue fiat-backed tokens on Ethereum. It feels like Christmas… which is when Korea will release CBDC-based tokenized deposits, by the way. 🎄

While over 98% of all stablecoins are USD-denominated, Europe is setting itself up to eat into that market share. SocGen is integrating its EURCV on Solana after supporting legislation supporting euro-denominated stablecoins. Sygnum is following suit, securing crypto registration in Liechtenstein and signing an MOU with UBS and PostFinance to test deposit tokens. 💶

🥼 Experiments and Initiatives Flourishing

Corporations are investing more R&D in tokenization. Switzerland’s SIX exchange is exploring launching its crypto exchange, while Commerzbank now offers Bitcoin and Ether trading. Beyond trading, SWIAT and Olea are collaborating on trade financing on blockchain, the DTCC is considering tokenized Treasuries as collateral, and BNY is planning for crypto ETF custody (while still grappling with SAB121 custody challenges.) 🔬

Sometimes, experiments intersect, like when carbon credits meet blockchain in a Mizuho and Fujitsu initiative. Or when existing giants like Siemens use JP Morgan’s Onyx to tokenize commercial paper. Speaking of JP Morgan, their JPM Coin is now used for programmable payments via an Abu Dhabi bank. 🐪

⚖️ CBDCs and Enterprise

What’s a week in tokenization without regulatory developments? This time, we’ve seen the IMF explore the best CBDC approaches and Canada pull the plug on its CBDC experimentation, citing a lack of demand. Conversely, Hong Kong is expanding its CBDC work to incorporate tokenized deposits, with BlackRock involved, and Germany’s central bank is hiring engineers for its DLT initiative. 🏦

Enterprises are helping support these initiatives, with Taurus announcing a partnership with the Qatar Finance Center as part of its Digital Assets Lab. Another “one good, one not-so-good” as Partior continues its layoff spree following its $60 million raise as it pivots to find product market fit. Perhaps they should call JP Morgan? ☎️

🧙 The Big Day Commeth

You’ll hear murmurs of October 8 and Salt Lake City making their way around our industry.

Why?

RWA Day is closer than ever. We have a single-digit number of slots left, and Plume is throwing an epic afterparty, so secure your spot!