RWA Track Project Inventory

RWA track was once highly anticipated by the Web3 industry, considered one of the core tracks for mainstreaming crypto assets and bringing them to the public. However, due to the crackdown by regulatory bodies such as the SEC, the RWA track developed relatively slowly in the past few years. With Trump's victory, the trend towards relaxed regulation of crypto assets has become inevitable, and recently the RWA track has regained keen market attention. This article introduces the concept and classification of the RWA track, as well as related representative projects.

1. Introduction and Classification of RWA

The core idea of RWA (Real World Assets) tokenization is to transform physical world assets into digital assets through blockchain technology. Through tokenization, RWAs can circulate, trade, and finance in a decentralized environment.

Based on the different categories of underlying real-world assets, RWA track projects can be divided into several types, including financial asset RWA, real estate RWA, carbon credit RWA, and entertainment and sports RWA. The following will classify and comment on representative projects within these categories.

2. Financial Asset RWA

Financial asset RWA refers to the tokenization of various assets in traditional financial markets, such as U.S. Treasury bonds, stocks, and bonds, by introducing them to the blockchain, thereby bridging traditional finance and crypto finance and creating a more efficient capital flow mechanism.

Representative Project: USUAL

The USUAL project is a RWA tokenization project focused on the U.S. Treasury bond market, and its token $USUAL is currently listed on Binance's pre-market trading. By tokenizing U.S. Treasury bonds, this project enables them to be traded on DeFi platforms, providing more liquidity and a more efficient asset management approach. Through USUAL, investors can not only trade U.S. Treasury bonds directly in decentralized markets but also enjoy stable returns from the traditional bond market while avoiding intermediary fees and delays in the traditional market.

Representative Project: MakerDAO

MakerDAO occupies an important position in the financial asset RWA track. By tokenizing U.S. Treasury bonds and other traditional financial assets and incorporating them into its stablecoin DAI, MakerDAO has made these assets a new category of collateral. This move not only broadens the variety of its financial products but also enhances the stability and attractiveness of its market. Although MakerDAO faces challenges such as governance risks and market volatility, it has accumulated rich experience through years of practice and has gradually become an important player in the RWA tokenization field.

3. Real Estate RWA

Real estate RWA refers to the digitization of ownership and income rights of real estate and other immovable assets through tokenization technology, facilitating easier trading and circulation on blockchain platforms. The tokenization of real estate RWA can break geographical and legal barriers and provide opportunities for small investors to participate in real estate investments.

Representative Project: Centrifuge

Centrifuge is a DeFi protocol dedicated to the tokenization of real estate assets. This project combines traditional real estate collateral with blockchain technology, helping investors earn returns from the traditional real estate market by issuing and trading these immovable assets on the blockchain. Centrifuge's core advantage lies in its ability to provide a broader asset pool, allowing investors to participate in real estate projects globally, thus lowering the barriers to traditional real estate investment.

Representative Project: Ondo Finance

Ondo Finance further expands its layout in the real estate RWA field by providing tokenized bond products. The platform not only tokenizes U.S. government debt instruments but also incorporates assets related to the real estate market in certain products, enabling better connections between traditional finance and the DeFi market. Ondo Finance's strategy is to provide investors with an efficient and secure asset trading platform through compliant and transparent products.

4. Carbon Credit RWA

Carbon credit RWA involves the tokenization of virtual assets such as carbon credits in the carbon emission market. The emergence of carbon credit RWA addresses the liquidity and transparency issues in the carbon emission market, allowing carbon credits to participate more broadly in the blockchain ecosystem and providing users with opportunities to engage in global carbon trading.

Representative Project: Maple Finance

Although Maple Finance primarily focuses on lending platforms, its carbon credit tokenization products also hold a place in the market. By collaborating with multiple institutions, Maple Finance provides investors with debt instruments based on carbon credits, allowing participants to earn returns from the carbon trading market. Maple's carbon credit tokenization project not only helps promote transparency in the carbon market but also facilitates carbon trading globally.

Representative Project: GoldFinch

The GoldFinch project promotes the tokenization of the carbon credit market by providing loans to developing countries. Its innovation lies in linking loans for environmental projects with carbon credits, allowing investors to earn carbon credit rewards by providing loans. This model not only promotes the development of green projects but also offers investors a new source of income.

5. Entertainment and Sports RWA

Entertainment and sports RWA mainly involves the tokenization of entertainment assets such as sports clubs, artworks, and copyrights. Tokenization projects in this field can attract fans and investors from around the world and have enormous market potential.

Representative Project: TopGoal

TopGoal is a representative project in the entertainment and sports RWA track. What TopGoal does is "give everyone the opportunity to invest in early football stars and share their future economic value," that is, to tokenize the future income and image rights of players in the football industry as real-world assets (RWA) for fans to invest in. Recently, TopGoal's token $GOAL announced favorable news such as team lock-up extensions and partnerships with well-known clubs. $GOAL has already been listed on the OKX exchange's spot market.

Conclusion

The development of the RWA track not only pushes the application boundaries of blockchain technology but also brings new growth opportunities to traditional industries. Although RWA tokenization currently faces challenges in technology and regulation, with the improvement of blockchain infrastructure and the gradual implementation of regulatory policies, the RWA track is expected to become a core sector of the Web3 industry in the coming years.