RAAC Secures $200M Tokenized Gold Deal, Launches pmUSD Stablecoin
Decentralized lending protocol RAAC has secured a significant partnership with I-ON Digital for an initial $200 million tokenized gold issuance. This collaboration marks a substantial step forward for RAAC's RWA open finance ecosystem.
In this deal, I-ON Digital will invest up to $1 million in RAAC, solidifying its position as a founding partner. Meanwhile, Cronos has teamed up with AWS to accelerate institutional tokenization and RWA adoption. RAAC is set to launch pmUSD, a stablecoin partially collateralized by a diverse range of tokenized assets, including gold price and real estate.
The total value locked across active RWA protocols has reached an impressive $32 billion. Securitize leads this growth with $3.16 billion in deposits. In the cryptocurrency sphere, Pepe Node's presale has gained momentum, raising $1.16 million of its $1.3 million target, with the current price at $0.0010.
These partnerships and launches signal a growing interest and investment in tokenized real-world assets. As the total value locked in RWA protocols continues to rise, the transformation of traditional financial systems, as predicted by Robinhood CEO Vlad Tenev, seems increasingly likely.
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