Reading the Numbers of RWA: Over $13 billion in real assets have been tokenized, and BlackRock's BUIDL Fund has surpassed $500 million in total value.

Author: OurNetwork

Compiled by Deep Tide TechFlow

Real World Assets

BUIDL | PAXG | BCAP | Maple

RWA.xyz | Dashboard

Over $13.1 billion of real world assets (RWA) - excluding stablecoins - are now on-chain tokenized.

Protocols typically incentivize projects to build in their ecosystems through economic incentives. The launch of BUIDL on Aptos, Polygon, Avalanche, Optimism, and Arbitrum introduces these incentives into the treasuries for the first time: Aptos, Polygon, and Avalanche have all agreed to pay quarterly fees to BlackRock based on the value of their network’s BUIDL shares. It is still too early to determine whether it will be successful, but as of November 14th, the total minting amount for all five networks has reached $56.6 million, accounting for 10.4% of the fund.

RWA.xyz

As investors seek ways to invest in gold, the demand for tokenization of gold continues to rise. Since early 2024, the size of this asset class has risen by over 20%. Paxos Gold (PAXG) has the widest holdings, with 52,522 wallets holding this asset. PAXG has also achieved net token minting for seven consecutive months, reflecting sustained interest in the product.

RWA.xyz

RWA.xyz’s new institutional fund dashboard is tracking $330 million in alternative fund Assets 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 tokenization of funds to address issues such as slow investor onboarding, latency in net asset value reporting, and other operational inefficiencies in traditional funds.

RWA.xyz

Trading Focus: The BUIDL Fund is now operating on multiple chains, allowing users to transfer capital to three networks (Aptos, Avalanche, Polygon) with lower management fees. An account has transferred $25.6 million from the Ethereum network to Avalanche. During the transfer, 250,000 BUIDL Tokens and 25,364,613.13 BUIDL Tokens were transferred and destroyed on the morning of November 15th, with an equivalent amount of Tokens minted on Avalanche afterwards.

Maple & Syrup

fatmac | Website | Dashboard

Maple & Syrup continues to maintain strong rise in total value locked (TVL) after exceeding 600 million dollars

Maple Finance and Syrup provide corporate credit returns to lenders by lending to institutional borrowers; these loans are always over-collateralized by Liquidity digital assets such as BTC, ETH, and SOL. Since the launch of the high-yield guarantee pool in March and the launch of Syrup in June, the TVL on the platform has risen by over 700%, recently surpassing the $600 million mark. Protocol revenue has also shown a similar rising trend, with a rise of over 700% from the beginning of the year in October.

Dune - @maple-finance

Syrup.fi is the fastest rising product of the Decentralized Finance protocol to date. The yield of Syrup also comes from fixed interest rate loans provided to institutional borrowers, as well as over-collateralized loans. The launch of USDT and integration with leading Decentralized Finance applications such as Pendle have led to a rapid rise in TVL to over 300 million US dollars in just a few months.

Dune - @maple-finance

Parsec

To unify Maple and Syrup under common governance and share the rise of the ecosystem with the community, Maple DAO introduces the SYRUP Token. 1 MPL Token can be converted into 100 SYRUP. In just one day, over 800 Wallets have converted over 1.5 million MPL into nearly 150 million SYRUP.

BUIDL

MarcoV | Website | Dashboard

BUIDL Fund achieves multi-chain, with a total value exceeding 5.43 billion US dollars

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

Dune - @Marcov

The number of independent holders of BUIDL Fund has slowly increased over time, and there are currently 28 holders. Expanding to other chains recently has not increased the number of holders because there are overlapping Wallets.

Dune - @Marcov

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