Limitless opportunities in RWA! Aave, Circle, Coinbase form Tokenized Assets Alliance

Real-world assets (RWA) are becoming increasingly important. A consortium called the Tokenized Asset Coalition, consisting of Aave, Circle, Coinbase, Centrifuge, Base, Credix, Goldfinch, and RWA.xyz, is dedicated to tokenizing real-world assets, education, and promotion to bring more value onto the blockchain.

Today, we're excited to announce the Tokenized Asset Coalition together with @AaveAave, @BuildOnBase , @centrifuge, @circle, @coinbase, @Credix_finance, @goldfinch_fi, and @rwa_xyz

The RWA tokenization industry is accelerating… Keep reading to learn more and how to join! 🧵 pic.twitter.com/uiv5NV0chv

— RWA.xyz (hiring!) (@rwa_xyz) September 7, 2023

Creating an Open Platform with Public Blockchain

The Boston Consulting Group recently released a report forecasting that the tokenized asset market will reach $16 trillion by the 2030s. With DeFi lacking mainstream products this year, and traditional financial institutions beginning to delve into blockchain, the native crypto community naturally cannot be left behind.

The Tokenized Asset Coalition advocates for the use of public blockchains, asset tokenization, and institutional DeFi to change the way capital is formed, invested, and managed on-chain, establishing a more open, fair, and transparent system for investors.

The Tokenized Asset Coalition believes that public crypto rails can increase efficiency, save costs, and enhance transparency compared to traditional systems. Through collaboration, education, and the development of on-chain infrastructure, the coalition aims to address the inherent inefficiencies, lack of transparency, and fragmentation in traditional financial systems. By bringing organizations with a common vision together through collaboration, the coalition seeks to realize the tokenization of real-world assets and impactful use cases to achieve the true value of cryptocurrencies.

Founding Members of the Tokenized Asset Coalition

The current founding members include:

• Leading lending protocol Aave
• Stablecoin issuer Circle
• Exchange Coinbase
• On-chain credit advisor Centrifuge
• L2 rollup chain Base built by Coinbase with Optimism technology
• Decentralized lending protocol Credix
• Decentralized lending protocol Goldfinch
• Tokenized asset analytics firm RWA.xyz

The coalition also welcomes other relevant organizations to join in contributing to the transformation of the financial landscape.