We review real-world assets in the crypto ecosystem by exploring MakerDAO’s foray into commercial real estate.
Originally published on frontruncrypto.com — click here to subscribe for free.
Dear frontrunners,
There’s been a re-emergence of the “real world asset” (RWA) narrative within the Ethereum crypto ecosystem: On-chain loans used to fund off-chain investments. Off-chain investments mean deploying capital to purchase risk-free assets like US Treasury Bonds, finance accounts receivable loans, fund real estate investment projects, or even invest in unsecured debt used to finance smartphone purchases for consumers in 3rd world countries. I suspect the renewed interest was fueled by last month’s launch of rwa.xyz: analytics on real-world assets.
Call out: If you need a refresher on real-world assets, how its tokenized on-chain, or associated risks, review this analysis first.
What piqued my interest was the “real estate” section on rwa.xyz which led me to this tweet. Is MakerDAO investing in real estate? If so, how? and how much? and with whose money?
MakerDAO is partnering with BlockTower to fund a $220m loan via Centrifuge. This means:
