🏘️ Malaysia Launches $23 Million Tokenised Real Estate Project

Sunday is here.

Welcome back to another newsletter from us at The Merge.

• 🏘️ Malaysia is set to launch $23 million tokenised real estate

• 🌐 Libre Protocol launch an on-chain RWA fund on Aptos

• 🪙 Ondo launch their stablecoin USDY on Arbitrum

Read Time: 6 Minutes

Global Market Overview

Real World Assets on-chain (excl stablecoins) are worth $11.96b (↑2.94% from last month).

There are 62,440 Total Asset Holders (↑3.95% from last month).

• $170.67b is in Stablecoins

• $9.02b is within Private Credit

• $2.19b is in US Treasury Debt

• $962.40m is in tokenised Commodities

• $72.26m is in Global Bonds

• $5.18m is in tokenised Stocks

The top 3 networks are 🥇Ethereum ($88.7b in Total Value Locked) 🥈Tron ($62.6b in TVL) & 🥉Binance Smart Chain ($4.94b in TVL).

Fancy taking a look for yourself? Check it out here.

So, what’s being tokenised this week?

Private Credit

Currently, there is $9.02b in active value loans & $14.30b total loan value across all protocols.

As of today, the top 3 current protocols with outstanding loans are 🥇Figure ($8.3b) 🥈Centrifuge ($284m) & 🥉Maple Finance ($243m).

Top stories this week?

🌐 Libre Protocol, a recently launched joint venture between WebN Group and Nomura’s Laser Digital is launching a new Web3 protocol to aid in bringing investment funds such as Blackrock’s ICS Money Market Fund, Hamilton Lane’s Senior Credit Opportunities Fund and Brevan Howard Master Fund - on-chain to the Aptos.

According to an announcement, Libre’s Gateway DeFi DApps will allow accredited, professional and institutional investors to access the funds onchain.

Want access to our exclusive report on what RWA project Coinbase & the Big Banks are backing?

Stablecoins

Currently, the market cap of stablecoins is $170.67b (↓0.27% from last month.)

As of today, it makes up 0.82% (↓0.27% from last month) of all M2 Money Supply with Monthly Transfer Volume totalling $1.59 trillion (↓8.07% from last month).

The top 3 current entities are 🥇Tether ($118.5b)🥈Circle ($35.1b) &🥉Binance ($4.3b).

Top stories this week?

🪙 Ondo Finance, the protocol that bridges DeFi & TradFi through yield-offering US treasury bonds and securities for institutions, backed by Blackrock, has launched their yield coin $USDY on Arbitrum.

The integration brings USDY onto one of the largest DeFi ecosystems, currently worth around $15.5B in Total Value Locked, and will only continue to help expand the utility and access of RWA’s on-chain.

See some more from Ondo here.

Commodities

Currently, the market cap of commodities is $962.40m (↑3.67% from last month).

As of today, the Monthly Transfer Volume totals $129.33m (↓17.13% from last month) with 56.6k addresses that are current holders.

The top 3 current entities are 🥇Paxos ($472.6m)🥈Tether ($467.8m) &🥉Comtech Gold ($11.3m).

Bonds

Currently, the total value of bonds is $72.26m (↑8.69% from last week).

As of today, the Average Yield to Maturity is 6.72% with 0.067 years in Weighted Average Maturity. There is a total of 236 Holders (↓12.71% from last week).

The top 3 current entities are 🥇Spiko ($50.31m)🥈 Backed Finance ($20.73m)🥉 OpenTrade ($1.22m).

Top stories this week?

🪙 The German technology giant Siemens has issued its second digital bond on-chain worth €300 million

The securities transaction was settled via the private permissioned blockchain of SWIAT, and the trigger solution provided by the Bundesbank, making it possible to settle a Siemens bond for the first time in a fully automated manner.

Stocks

Currently, the total value of stocks is $5.18m (↑2.87% from last month).

As of today, the Monthly Transfer Volume totals $1.37m (↓1.03% from last month) with 92 Active Addresses and 753 Current Holders.

The top 3 current entities are 🥇Coinbase Global ($2.66m)🥈Nvidia ($1.07m) &🥉iShares Core S&P 500 ($1.04m).

Top stories this week?

🏘️ Malaysia is set to launch its first RWA project by tokenising $23 million worth of residential properties. It’ll be done through The Real Lifestyle Company which has a unique model offering monthly yields returns to investors making it easier for local and global participants to begin their real estate investment journey.

See more about how here.

Weekly Resource List

🌐 RWA.xyz: On-Chain RWA Analytics

Explore tokenised real-world assets and the investors, issuers and service providers participating in public blockchains. View protocol statistics, industry aggregate metrics, and the issuers all in one place (link)

🔎 Santiment: Crypto Intelligence Tool

A behaviour analytics platform for crypto, sourcing on-chain, social and development information on thousands of coins, including market signals. For RWA’s insights check out this (link) 

🔐 Coinbase Wallet: Easy-to-use crypto wallet

You’ve more than likely heard and probably used Coinbase, so no introduction is needed. This is by far one of the easiest and non-crypto native wallets to be picked up and used by anyone. They even have a ‘Simple Mode’ for beginners. (link) 

🔭 DeBank: Web3 Portfolio Tracker

When it’s difficult to keep track of what’s where - just sync up any of your wallets and see within seconds where things are. This new gem of a tool we stumbled across gives you a holistic overview of all your holdings across multiple blockchains in one place (link)

👻 Phantom Wallet: Multi-Chain Crypto Wallet

Becoming a favourite wallet to use across crypto. An easy-to-navigate cross-chain compatible wallet (you can use it for SOL & ETH etc) with a user interface that beats most of the competition out of the ballpark (link)

🦇 Arkham Insights: Smart Money Insights

An investment tool if you want to understand where ‘Smart Money’ (aka the market makers) are placing their bets then make sure to check it out (link) 

🦎 CoinGecko: Crypto Data and Analysis Platform

Keep up to date with prices, trading volumes, and crucial crypto data (link)

As always, thanks for reading.

Hit reply and let us know what you found most helpful this week —we’d love to hear from you.

See you next Sunday,

Merge