Original Title: ON-291: Real World Assets

Original Source: OurNetwork

Original Translation: Deep Tide TechFlow

Real World Assets

RWA.xyz | Dashboard

Over $13.1 billion of Real World Assets (RWA) — excluding stablecoins — have now been tokenized on-chain.

· Protocols typically incentivize projects to build in their ecosystem through economic incentives. The launch of BUIDL on Aptos, Polygon, Avalanche, Optimism, and Arbitrum introduced these incentives to the treasury for the first time: Aptos, Polygon, and Avalanche each agreed to pay a quarterly fee to BlackRock based on the BUIDL token's value on their networks. It is still early to determine if this will be successful, but as of November 14, the total minting across all five networks has reached $56.6 million, constituting 10.4% of the fund.

RWA.xyz

· With investors seeking ways to invest in gold, the demand for tokenized gold continues to rise. Since early 2024, the size of this asset class has grown by over 20%. Paxos Gold (PAXG) is the most widely held, with 52,522 wallets holding the asset. PAXG has also seen seven consecutive months of net token minting, reflecting sustained interest in the product.

RWA.xyz

· The new Institutional Fund Dashboard of RWA.xyz is tracking $330 million in alternative fund asset under management, led by Blockchain Capital ($148 million) and Superstate's Crypto Carry Fund ($58 million). Since the launch of the Securitize Fund Services platform on October 31, we expect to see more asset managers exploring tokenized funds to address issues present in traditional funds such as slow investor onboarding, delayed net asset value reporting, and other operational inefficiencies.

RWA.xyz

· Trade Focus: With the BUIDL Fund now achieving multi-chain operations, users can move capital across three networks (Avalanche, Aptos, Polygon) that charge lower management fees. Existing accounts have transferred $25.6 million from Ethereum to Avalanche. During the transfer, 250,000 BUIDL tokens and 25,364,613.13 BUIDL tokens were transferred and burned on the morning of November 15, followed by an equivalent amount of tokens being minted on Avalanche.

Maple & Syrup

fatmac | Website | Dashboard

Maple & Syrup Continue Strong Growth After Surpassing $6 Billion in Total Value Locked (TVL)

· Maple Finance and Syrup provide corporate credit yields to institutional borrowers by issuing loans, always over-collateralized by liquid digital assets like BTC, ETH, and SOL. Since the launch of the high-yield Guarantor Pool in March and Syrup in June, TVL on the platform has grown over 700%, recently surpassing the $6 billion mark. Protocol revenue has also shown a similar growth trend, with October revenue up over 700% from the beginning of the year.

Dune - @maple-finance

Syrup.fi is the fastest-growing product of the protocol to date. Syrup's revenue also comes from fixed-rate, overcollateralized loans provided to institutional borrowers. The launch of USDT and integrations with leading DeFi applications like Pendle have propelled TVL to over $300 million in just a few months.

Dune - @maple-finance

Parsec

· To align Maple and Syrup under a shared governance and to share the ecosystem's growth with the community, the Maple DAO introduced the SYRUP token. One MPL token can be converted into 100 SYRUP tokens. In just one day, over 800 wallets had converted over 1.5 million MPL to nearly 150 million SYRUP.

BUIDL

MarcoV | Website | Dashboard

BUIDL Fund Expands to Multi-Chain, Surpassing $543 Million in TVL

· This week, the BUIDL Fund launched by Securitize and BlackRock expanded beyond Ethereum to land on the Aptos, Optimism, Avalanche, Polygon, and Arbitrum blockchains. The BUIDL supply on Ethereum decreased from $557 million to $513 million, but with the addition of these chains, as of November 14, the total supply increased by $30 million, reaching $543 million.

Dune - @Marcov

· The number of independent holders of the BUIDL Fund has slowly increased over time, and currently stands at 28 holders. The recent expansion to other chains did not increase the number of holders, as there are overlapping wallets.

Dune - @Marcov

· As shown above, as of November 14th, 89.6% of the BUIDL supply is on Ethereum, followed by 5.0% on Avalanche, 4.8% on Optimism, 0.3% on Polygon, and 0.3% on Aptos and Arbitrum.

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