Today, let's take a look at @noble_xyz which has been onboarded to Kaito!
Noble is currently dealing with the RWA sector alongside KAIO and THEO, which were recently onboarded.
The VC has received a total investment of $18.3M so far.
The seed round included Polychain and Circle,
and Series A saw participation from Paradigm and Wintermute.
According to Hyojin's post, Noble is preparing an EVM-based Noble App Layer,
which is said to be a DeFi app related to stablecoins.
Therefore, Noble is not just a project that discovers and manages specific assets.
It provides an infrastructure (rails) that allows reputable issuers like Circle to circulate their tokens safely and efficiently.
The core business model is precisely 'Rails'.
For this reason, Kaito classifies it under DeFi rather than the RWA category.
Technical differences between Noble, @KAIO_xyz, and Theo
Noble acts like a 'highway' for digital assets. It focuses on providing a foundation for stablecoins and all digital assets to move smoothly within the Cosmos ecosystem.
On the other hand, KAIO serves as a 'security gateway' for institutional assets. It plays the role of a security gateway that converts the assets of traditional financial institutions into RWAs in compliance with regulations.
Theo is like an AI quant team that performs 24-hour automated trading strategies. Its goal is to generate profits through complex arbitrage by navigating between CEX and DEX.
1d ago
The leaderboard for Noble (@noble_xyz), a stablecoin project that received a total of 18 million in investment and was forgotten, has been released ㄷㄷ
[What is Noble (@noble_xyz)?]
Noble is an app chain specialized in RWA and stablecoin infrastructure built on the Cosmos stack.
▶Mission: A purpose-built blockchain for issuing native assets and interoperable stablecoins.
▶Technology: Maximizing cross-chain liquidity across the IBC ecosystem with a minimal high-security architecture.
▶Key Services: Operating USDN yield-generating stablecoin and supporting Cosmos-native USDC through integration with Circle's CCTP.
The Noble App Layer (EVM-based) is in preparation, and an EVM-compatible rollup for stablecoin-native DeFi applications is expected to be released.
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