RWA
RWA (Real World Asset) refers to assets that exist in the real world, rather than on the blockchain network, such as real estate, stocks, bonds, artwork, etc. These assets are mapped onto the blockchain network through certain methods, thereby facilitating interaction with DeFi protocols. This provides users with a wider range of asset choices and sources of income.
With giants like BlackRock officially announcing their involvement, the current RWA appears to have become the second most popular narrative this cycle now behind Solana Memecoin.
Real-world assets (RWAs) refers to onchain representations of tangible and intangible assets from the traditional financial realm. Specifically, RWA tokens serve as digital counterparts to real-world assets or the rights associated with them.
This article delves into ONDO and its recent developments.