In this episode of CoinStreet, we explore the latest developments in decentralized finance (DeFi) lending, highlighting the growing institutional interest in tokenized real-world assets (RWAs) as collateral for stablecoin loans. We discuss Trust Wallet’s launch of tokenized stocks and ETFs in collaboration with Ondo Finance and 1inch, as well as Galaxy Digital’s tokenization of its publicly traded stock on the Solana blockchain. Additionally, we cover OnePay’s new wireless plan, aimed at providing a comprehensive service for users. Jane King has the latest from the NYSE.
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Thanks, Rey.
Here's a look at your Coin Street headlines.
Defied lending is poised to capture more institutional interest as tokenized real world assets, or RWAs are increasingly accepted as collateral for stable coin loans.
Now that's according to Binance research.
Decentralized finance lending protocols are automated systems that facilitate lending and borrowing for investors via smart contracts, eliminate.
The need for financial intermediaries like banks defy lending protocols have risen more than 72% year to date.
Well, a CZ-owned TrustWallet launched tokenized stocks and ETFs.
TrustWallet's self-custodial wallet rolled out RWA support in collaboration with Ono Finance and One I, initially available on Ethereum after initially disclosing the plan to introduce RWAs in June.
Trust wallet has launched tokenized versions of US stocks and ETFs for use around the globe.
Galaxy Digital, the cryptocurrency investment firm founded by Mike Novogratz, has tokenized its publicly traded stock.
The company said that its Class A common shares listed on both the Nasdaq and the Toronto Stock Exchange can be tokenized and fractionalized on the Solana blockchain through Superstate's opening bell, a platform for Tokenizing public companies and OnePay, the FinTech firm owned Majority by Walmart, is launching its own branded wireless plan as it seeks to become a one-stop shop for its users.
So with Oneay you can get items and then get wireless service at the same time.
The plan costs $35 a month for unlimited 5G data, talk and text on the AT&T network, according to Giggs, the mobile service that partnered with the company, and that's the latest Queen Street headlines.