New York, Saturday, September 14, 2024 – The RWA app has integrated with Near Protocol, a layer-1 blockchain, to boost the growth of tokenized real-world assets (RWAs). This integration allows RWA’s database to monitor more than $630 million in tokenized Treasuries and stablecoins on the Near network.
Near Protocol is known for its fast and cost-effective transaction capabilities, with the potential to process up to 100,000 transactions per second once fully optimized. The platform offers developers the tools to create decentralized applications and provides seamless user engagement across multiple ecosystems.
With the integration, the RWA app allows users to access tokenized RWAs in one place. RWAs, which represent tangible assets in the crypto space, help bring traditional financial tools into decentralized finance (DeFi), increasing accessibility and opening new application opportunities.
Near’s significant rise in total value locked (TVL) underscores its position as a key player in the tokenized asset space, growing from $54 million at the start of 2024 to over $630 million today. This partnership marks a significant milestone in expanding the use of RWAs within the DeFi ecosystem.
