RWAs Set for Breakthrough: Two Altcoins You Should Watch

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Real World Assets (RWAs) are set to become a major player in global financial markets, especially as they start to merge with the world of cryptocurrency. According to analyst Altcoin Buzz, right now, all signs point to RWAs gaining serious momentum. Back in March, BlackRock, one of the biggest investment firms in the world, made headlines by launching their USD Digital Institutional Liquidity Fund, known as BUIDL.

According to the Boston Consulting Group (BCG), by 2030, the RWA market could be worth a staggering $16 trillion, which would make up about 10% of the global economy. This shows just how much potential there is for growth in this space, particularly for crypto projects linked to RWAs.

Ondo Finance Vs Mantra

Two of the leading projects in this area are Ondo Finance and Mantra. Ondo Finance, which only launched in January this year, has quickly risen to the top, now valued at nearly $1 billion. Despite being new, it’s already making waves, offering tokens like USDY and OUSG, which are backed by U.S. treasuries and offer attractive returns. Remarkably, Ondo has even surpassed BlackRock in Total Value Locked (TVL) in RWAs, showing just how fast this market is growing.

The analyst next discussed Mantra Chain (OM), the second-largest project in the Real World Assets (RWA) sector by market cap. Launched in June 2020, Mantra Chain has had more time to mature compared to newer projects, and it has already unlocked nearly all of its tokens. With 888 million tokens in circulation and no more unlocks on the horizon, this provides stability for investors. Currently, OM is priced at just above 88 cents, with a market cap exceeding $750 million.

Interestingly, Mantra and Ondo Finance, the top RWA project, are collaborating. Mantra plans to launch an RWA savings vault powered by Ondo’s USDY token later this year, showing how these two major players are working together to expand the RWA ecosystem.