Ethereum-based RWA market construction partnership between Aave Labs and Ant Digital, led by Horizon.
Aave Ledger and Ant Digital Join Forces for Custom RWA Market on Ethereum
In an undertaking aimed at factors for institutional-level DeFi, Aave Labs has teamed up with Ant Digital Technologies, a subsidiary of Ant Group. The goal? To establish a specialized Real World Asset (RWA) market within Ethereum.
This initiative brings Horizon, an institutional-worthy decentralized finance (DeFi) platform launched earlier this year by Aave Labs, into the picture.
Stani Kulechov, founder of Aave, announced on May 9th that the upcoming RWA market will cater specifically to experienced investors, allowing them to secure stablecoins using their tokenized real-life assets as collateral.
"Yo peeps, thrilled to announce Horizon's strategic collaboration with Ant Digital Technologies, one of the biggest blockchain technology providers out there!" Kulechov posted on X. "Together, we're tackling a custom RWA market on Ethereum."
Launched in March, Horizon was designed as a platform tailored for institutional adoption, acting as a middle-ground between decentralized finance and recognition in the larger financial sector.
Its inaugural product? Tokenized money market funds (MMFs) within the Ethereum protocol. These MMFs serve as a suitable resource for institutional investors looking to secure stablecoin liquidity.
This collaboration with Ant Digital Technologies marks a notable development for the RWA market, with global asset managers like BlackRock making significant moves in the industry due to increasing institutional interest.
According to Aave Labs, "Horizon aims to broaden adoption of blockchain and crypto throughout the Aave ecosystem by aligning with institutional norms while retaining the main efficiencies of DeFi. By doing so, it opens a lawful, scalable, and easily accessible avenue for institutions and tokenization platforms to interact with decentralized finance."
Kulechov deemed the strategic partnership between Horizon and Ant Digital a significant advancement, stating, "DeFi forms the bedrock of global finance, and this collaboration brings us one step closer to empowering institutional adoption of DeFi."
Currently, the Aave ecosystem reigns supreme in the DeFi market, with over $23 billion locked within the protocol. As per DeFiLlama data, the overall TVL (Total Value Locked) exceeds $111 billion, with Aave leading Lido, EigenLayer, and the transformed MakerDAO in this department.
Expanding On-chain RWA: ArbitrumDAO's Hopeful Additions with Franklin Templeton, Spiko, and WisdomTree
- Aave Labs' partner, ArbitrumDAO, plans to collaborate with investment giants like Franklin Templeton, Spiko, and WisdomTree to boost on-chain RWA.
- The partnership aims to leverage the gathered wisdom and expertise in finance and technology to develop innovative RWA solutions within the blockchain ecosystem.
- In a tweet, ArbitrumDAO has declared, "Joining forces with Franklin Templeton, Spiko, and WisdomTree signifies the next stride in the mainstream adoption of blockchain and DeFi."
- With these additions, ArbitrumDAO aspires to expand its offering beyond the Ethereum network, reaching new horizons in providing stable and secure on-chain RWA.
- Franklin Templeton, an established name in global finance, brings extensive experience in traditional asset management and an extensive network that could potentially open new opportunities for DeFi.
- Spiko and WisdomTree, on the other hand, boast unique strengths in the digital asset space, making them valuable allies in the mission to enhance the DeFi landscape's infrastructure.
- As per the newly forged partnerships, the partners will work together to launch innovative products, such as index funds and exchange-traded funds (ETFs), to facilitate easy investing in DeFi and RWA markets.
- ArbitrumDAO envisions the strategic tie-ups to fuel the growth of the DeFi ecosystem by offering institutional-grade investment products, attracting more capital, and encouraging wider adoption of RWA within the blockchain industry.
- With the addition of these top-tier players in finance and technology, ArbitrumDAO's RWA ambitions have taken a significant step forward, positioning itself at the forefront of the planned expansion of DeFi's on-chain asset capabilities.