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Token adoption grows as real-world assets move on-chain
Posted on 10/16/23 at 10:24 am
Posted on 10/16/23 at 10:24 am
From real estate and digital art to government bonds, tokenizing real-world assets is no longer a thing of the future.
It's a fairly lengthy article, so I won't start quoting all the different segments of it. Good read if you're interested.
Token adoption grows as real-world assets move on-chain
quote:
While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade.
A variety of asset categories are actively being tokenized and garnering investments, with recent data suggesting that the total value of tokenized real-world assets reached an all-time high of $2.75 billion in August. And while the metric has slipped since then, it still stands at around a respectable $2.49 billion as of Sept. 30.
As per a joint survey by research and advisory firm Celent and American banking behemoth BNY Mellon, 91% of institutional investors are interested in putting their money into tokenized assets, with 97% agreeing that tokenization stands to revolutionize the realm of asset management.
It's a fairly lengthy article, so I won't start quoting all the different segments of it. Good read if you're interested.
Token adoption grows as real-world assets move on-chain
3
Posted on 10/16/23 at 10:43 am to saint tiger225
What a puff piece...
EDIT.. One of the big companies promoting this business had already failed and is in liquidation... From 5 days before this article was posted... what a joke
I love their example of Tangible NFT business, which shockingly I had never heard of. Their example is just hilariously stupid.
Yes lets split the investment of a watch
What is the real business you might ask...
Ah of course their own "backed" stablecoin. This will never go bad.
Tangible like all these pump and dump scams, provides no contact information or the people who are behind the business on the website.
EDIT.. One of the big companies promoting this business had already failed and is in liquidation... From 5 days before this article was posted... what a joke
I love their example of Tangible NFT business, which shockingly I had never heard of. Their example is just hilariously stupid.
quote:
Tangible Fractions are smaller fractions of a whole TNFT, and allow large ticket items (for example, a piece of real estate) to be split into more affordable pieces. They allow multiple owners to share in the risks and rewards of a single investment.
quote:
For example, the owner of a watch-backed TNFT – that they bought for $100k – could put 40% for sale on the Tangible marketplace at $42k. If they specified a minimum purchase size of 1%, multiple users could purchase 1% for $420, 1.5% for $630, or one user could even buy the entire 40% fraction for $42k.
Yes lets split the investment of a watch
What is the real business you might ask...
quote:
Transactions in the marketplace are made in the protocol's stablecoin, Real USD (USDR)
Ah of course their own "backed" stablecoin. This will never go bad.
quote:
Projected APY ~15%
Tangible like all these pump and dump scams, provides no contact information or the people who are behind the business on the website.
This post was edited on 10/16/23 at 8:18 pm
Posted on 10/16/23 at 10:52 am to UltimaParadox
quote:
UltimaParadox
Keep up the good fight, dumbass.
Posted on 10/16/23 at 10:57 am to UltimaParadox
quote:
for example, a piece of real estate) to be split into more affordable pieces. They allow multiple owners to share in the risks and rewards of a single investment.
Multiple owners of a piece of real estate. What could go wrong........
Posted on 10/16/23 at 11:03 am to saint tiger225
quote:
Keep up the good fight, dumbass.
Curious what crypto tokens do you hold, and any NFTs?
Posted on 10/16/23 at 11:17 am to boogiewoogie1978
This sounds like the same model YieldStreet uses where you just buy into a fund that "actively manages" larger investments and then you're relying on some random a-hole to outplay the market and they usually fail.
Or the same as DAOs where people committed their crypto to funds that were democratically managed and people scammed or tanked endlessly.
Or the same as DAOs where people committed their crypto to funds that were democratically managed and people scammed or tanked endlessly.
Posted on 10/16/23 at 12:59 pm to saint tiger225
(no message)
This post was edited on 1/26/24 at 8:38 am
Posted on 10/16/23 at 8:15 pm to saint tiger225
Wow what a truly terrible article by coin telegraph here.
From the article posted today 12 hours ago...
Ok that is interesting.. oh wait just on Oct 12th from the same website!!
Coin Telegraph on the Depeg
Coin Live Source
They are winding down and liquidating what real stuff they have left. Which they hope to get 50 cents on the dollar for.
Anyone invested is hoping to get back something, but I am sure they will gladly take 50 cents on the dollar.
Twitter post on what they actually are worth..
From the article posted today 12 hours ago...
quote:
Tangible, a fellow issuer of real estate-centric RWAs, witnessed the most growth among its peers. The total value of Tangible’s tokens soared from a mere $100,000 to an impressive $64 million over the first three quarters of 2023.
Ok that is interesting.. oh wait just on Oct 12th from the same website!!
quote:
USDR stablecoin depegs to $0.53, but team vows to provide solutions
Coin Telegraph on the Depeg
quote:
TangibleDAO is also preparing for the possibility of limited demand for their baskets and has initiated a plan for the liquidation of real estate.
quote:
TangibleDAO has announced that Real USD (USDR) will be deprecated and phased out following the completion of the redemption process detailed above.
Coin Live Source
They are winding down and liquidating what real stuff they have left. Which they hope to get 50 cents on the dollar for.
Anyone invested is hoping to get back something, but I am sure they will gladly take 50 cents on the dollar.
Twitter post on what they actually are worth..
Posted on 10/16/23 at 10:31 pm to UltimaParadox
I wonder how Chainlink fits into all of this??
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