Cardano advances in RWAs as Genius Yield approves milestone for asset tokenization

The Cardano ecosystem intensifies its involvement in RWAS, because the engine performance protocol approves a key proposal.

The cardano (ADA) The ecosystem is expanding its imprint in the growing RWA tokenization industry. Friday, April 18, the engine performance protocol announced the approval of its second stage in RWA Swaps.

The proposal, nicknamed F12 Catalyst, establishes key procedures for the RWA trading platform. This includes verifications of asset audit and property verification, critical components for the confidence of investors, as they guarantee proof of authenticity and real property.

The next step in the platform is the development of a digital integration portal for asset owners. After that, the project will implement tokens and reward distribution mechanisms before the launch of the platform.

Rwa Market planned to reach 2 dollars by 2030

GENIUS ENTERMENT is one of several cardano projects that work on RWAS. On the one hand, Empowa builds a Real estate financing platform Focus on the African market. At the same time, Tiamonds allows tokenization and trading of Real world diamondsallowing users to have a fraction of these assets.

The real world emerges as one of the most promising cases of use for crypto. They consist in recording active active worlds on the chain and converting them into negotiable tokens. These tokens can represent the fractional property, a key advantage on the traditionally illiquid markets such as real estate and fine arts.

In March this year, the total locked value of all token workers reached $ 50 billionAccording to a brickken report. In particular, $ 30 billion in this figure came from tokenized real estate. The same report quoted a projection of the consulting company McKinsey, providing that the RWA market could reach 2 dollars by 2030.