Allo price

I have to admit that RWA has been extremely popular in recent months, with countless Web2 bosses in Hong Kong lining up to put their unsellable junk on the blockchain. Of course, this has also led to a large number of intermediaries of varying quality trying to make a quick buck. I've also seen a lot of decks, but in terms of form, they mostly focus on the "issuance and on-chain" of assets. Regardless of what specific hype they are promoting, the core is the same gameplay. Recently, I discovered that the oracle I've been following, @redstone_defi, on Solana has demonstrated a new development direction for RWA: Instead of creating new assets, it adjusts the input structure of DeFi protocols to traditional financial derivatives. Specifically, it involves integrating @DriftProtocol with RedStone's RWA oracle, which means that on-chain yield strategies are no longer limited to crypto assets. Data from traditional financial instruments like treasury bonds and credit products can also start serving as price bases. Applying macro-financial analysis methods, this represents a fundamental change in the supply side of DeFi protocols. Drift is particularly crucial in this integration. As one of the most active perpetual trading platforms on Solana, Drift can be understood as a trading system where composability and high frequency coexist. After integrating the RWA price feed provided by RedStone, Drift may potentially launch derivative contracts based on actual credit spreads or T-Bill yields in the future. Traders can gain exposure to risks similar to real financial markets without leaving the chain. The marketing significance of this update is the least noteworthy; more importantly, the product structure richness and competitiveness of DeFi protocols have been greatly enhanced. In the future, as more traditional financial product data is integrated into DeFi protocols through RedStone, more interesting chemical reactions may occur. #Oracle

Written by Weilin, PANews While settling with the U.S. Securities and Exchange Commission (SEC), Ripple is rapidly restarting its global expansion in the Middle East, with Dubai becoming a key location for its tokenized real-world assets (RWAs). Recently, Ripple-backed blockchain XRP Ledger was selected as the underlying blockchain network for the Dubai real estate blockchain tokenization project, showing that Ripple and XRP's development in government-enterprise cooperation, cross-border settlement, and stablecoin infrastructure is gradually turning into a business breakthrough direction for the company. Meanwhile, on May 29, VivoPower International, a NASDAQ-listed energy company, announced the completion of a $121 million private placement that will transform into a crypto asset reserve strategy with XRP at its core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million investment, demonstrating Middle Eastern capital's recognition and bet on the XRP ecosystem. XRP Ledger becomes the first public blockchain for government property tokenization projects in Dubai On May 26, the Dubai Land Authority (DLD) announced a partnership with asset tokenization platform Ctrl Alt to launch PRYPCO, the first government-led real estate tokenization project in the Middle East. The project, which is jointly supported by the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Foundation for the Future, plans to enable the on-chain issuance of real estate assets on the XRP Ledger (XRPL) through Ctrl Alt's PRYPCO Mint platform, with a minimum investment threshold of AED 2,000 (approximately $545). The project is part of Dubai's Real Estate 2033 Strategy, which aims to achieve a real estate tokenization market of AED 60 billion (US$16.3 billion) by 2033. Ctrl Alt has received a broker and issuer license from VARA and said it has completed the asset tokenization of nearly $295 million in assets. Ripple, a major contributor and enabler of XRPL, has been given the role of a technology provider for the on-chain of assets under the auspices of the government, representing the expansion of the protocol from cross-border payments to RWA asset-backing. XRPL uses the Ripple Protocol Consensus Algorithm (RPCA) that does not require mining, which does not require a mining process that consumes a lot of energy and can achieve second-level transaction settlement. XRPL is also actively promoting the stablecoin ecosystem on its own network. SG-FORGE HAS ANNOUNCED THAT IT WILL LIST EURCV, WHICH IS ANCHORED TO THE EURO, ON XRPL IN 2025; Braza Group will also launch BBRL, a stablecoin pegged to the Brazilian real, on XRPL, which will lay a solid foundation for building a multi-asset, multi-scenario tokenization foundation on XRPL. At the same time, XRP has also gained favor with Middle Eastern capital. On May 29, VivoPower International (VVPR), a NASDAQ-listed energy company, announced the completion of a $121 million private placement round that will transform into a crypto asset reserve strategy with XRP at its core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100 million round with former SBI Ripple Asia executive Adam Traidman serving as chairman of the advisory board. According to SEC filings, the company intends to issue 20 million shares of common stock at $6.05 per share. Middle East strategy acceleration: Acquired a license from the Dubai Financial Services Authority to acquire brokerage firm Hidden Road It's no coincidence that Ripple places a lot of emphasis on the Middle East market. Back in November 2020, Ripple set up its regional headquarters in the Dubai International Financial Centre (DIFC), a move the company said was a possible exit from the U.S. due to the lack of clarity over U.S. crypto regulatory policies. In December of the same year, the SEC first charged Ripple CEO Brad Garlinghouse and co-founder Chris Larsen with conducting an unregistered securities offering through the sale of Ripple's digital token, XRP, beginning in 2013. The SEC said Ripple raised $1.3 billion through these alleged securities sales, and Ripple said XRP was not a security. After several years of evolution and development, the Middle East now accounts for about 20% of Ripple's global customers. In March this year, Ripple was granted a regulatory license by the Dubai Financial Services Authority (DFSA) to become DIFC's first compliant blockchain payment provider, officially launching a compliant crypto cross-border payment business in the UAE. In May, Ripple announced a partnership with Zand Bank, a UAE digital bank, and Mamo, a fintech company, to embed Ripple's cross-border payment system into its financial services stack, enabling round-the-clock cross-border settlements. Zand Bank also plans to launch an AED-pegged stablecoin to enhance local digital payment capabilities. The stablecoin RLUSD is also enriching Ripple's business ecosystem and supporting the company's business expansion. Not only did RLUSD offer up to 8%-9% annualized return (APR) on Aave, which quickly attracted about $150 million in funding, but it also landed on Euler Finance on May 29, allowing users to lend and borrow RLUSD directly on the platform, and use it as collateral. Currently, RLUSD's Annualized Yield on Euler deposits (Supply APY) is as high as 22.05%. As previously reported by PANews, Ripple has also recently partnered with Chainlink to increase the utility of RLUSD in the DeFi space. Ripple has also partnered with Revolut and Zero Hash to expand RLUSD's market reach. RLUSD is also integrated into its payment solution, Ripple Payments, for cross-border payments for customers like BKK Forex and iSend. In addition to the payment business, Ripple is also stepping up its layout in the fields of brokerage, custody and tokenization. On April 8 of this year, crypto payments company Ripple announced plans to acquire prime brokerage firm Hidden Road for $1.25 billion, with the aim of expanding its services to institutional investors. CEO Brad Garlinghouse said, "Ripple needs to make sure we have the infrastructure in place to attract and scale to a larger, larger community." The transaction was primarily in the form of cash, XRP and shares. Subject to regulatory approvals, the acquisition is expected to close in the coming months. Upon completion of the acquisition, Ripple will "inject billions of dollars in capital to provide immediate scale and meet the needs of Hidden Road's primary brokerage business." Garlinghouse said the prime broker will integrate stablecoin RLUSD as collateral for its prime brokerage product and explore the use of the XRP Ledger to "improve settlement efficiency". According to public reports, Hidden Road plans to open an office in Abu Dhabi. According to people familiar with the matter, the office will be led by partner James Stickland. Hidden Road has received In-Principle Approval (IPA) from the Abu Dhabi Global Market Financial Regulatory Authority (FSRA) to provide clearing and prime brokerage services to institutional investors in the UAE. Sources said Hidden Road could see members of the Abu Dhabi royal family join the board of directors of its local entity after receiving final regulatory approvals. Can Tokenization-as-a-Service be successful? Ripple regains the development time lost by the SEC John Deaton, a crypto lawyer who supports Ripple, said that Ripple's acquisition of Hidden Road is not just a single expansion, but a forward-looking layout for the convergence of DeFi and TradFi. He pointed out that Hidden Road handles more than $3 trillion in transaction volume annually and serves more than 300 institutional clients, serving a bridge between traditional capital and on-chain clearing. Deaton believes that Ripple's "Ripple Custody" custody service, together with the payment and stablecoin systems, constitutes a one-stop blockchain financial service platform. Its vision is to provide banks and other financial institutions with "Tokenization-as-a-Service" (Tokenization-as-a-Service) to realize the integration of the whole process from asset tokenization, mortgage payment to clearing and circulation. According to the Boston Consulting Group (BCG), the digital asset custody market will exceed $16 trillion by 2030. In his opinion, Ripple is trying to seize this dividend and build a technical layer for the tokenization of global financial assets through the XRP Ledger. Another reason for Ripple's acceleration in the Middle East is its recent developments in the U.S. regulatory environment. On May 9, Ripple reached a settlement agreement with the SEC, whereby Ripple will pay a $50 million fine and lift part of the ban. The SEC also stopped appealing the previous ruling, marking the end of this regulatory tug-of-war that has been going on since 2020. Subsequently, on May 28, Ripple's Chief Legal Officer, Stuart Alderoty, filed a supplemental letter with the SEC, emphasizing that XRP does not constitute securities per securities, arguing that most crypto assets should not be considered securities in secondary market transactions, and recommending that the SEC introduce a "safe harbor" mechanism to provide more operational compliance guidance for the digital asset market. At the same time, the approval of XRP spot ETFs is also advancing. On May 28, it was reported that the SEC has launched a formal review of the WisdomTree XRP Fund application submitted by the Cboe BZX exchange. If it can be successfully approved, Ripple may usher in another round of growth in capital and user inflows. Overall, after several years of fierce battles with the SEC, Ripple is rapidly redeploying its global strategy with the Middle East, a regulatory-friendly frontier. XRP Ledger, as its technology hub, is taking on multiple roles from payment infrastructure, stablecoin liquidation, to asset tokenization. If Ripple can successfully promote the implementation of the "tokenization-as-a-service" model, the Middle East may become an important testing ground for Ripple to get out of the regulatory shadow, realize the integration of DeFi and TradFi, and put assets on the chain.

ETH odds are not high. When it comes to investment, just buy BTC. When it comes to speculation, if there's a big player pumping the price, follow along; it can still rise during a bull market. However, if the chain doesn't gain traction, there's no demand, and relying solely on RWA to tell a story won't make a huge difference. So overall, I think ETH should be allocated a bit, just in case. But if you're talking about allocating a lot or chasing high prices, I don't see much point in it. If we're purely talking about consensus, then it's just playing around like a MEME.

Two $500M caps I'm watching. $DOG and $ZBCN - both promising. #DOG is memecoin on #Bitcoin #ZBCN is AI-Based PayFi + #RWA I see both in the top 100 real soon. What's your favorite $500M crypto? Leave a comment below! 👇

Written by Top.one Release date: May 28, 2025   1. Why is RWA being hyped again? If you have recently swiped the cryptocurrency circle Twitter and domestic video accounts, there is almost one word: RWA (Real World Assets). Whether it is the on-chain treasury bonds of Wall Street giant BlackRock, or MakerDAO's plan to expand asset management to the "real economy", RWA seems to have become a bridge between the chain circle and traditional finance, and some people even call it "the asset base of the next generation of DeFi". But this is not the first time that RWA has been shouted "future". As early as 2019, there were projects in the circle that tried to "put real estate, metals, artworks and other assets on the chain", but the thunder was always loud and the rain was small. What's so different about today's craze? Can RWA actually land and become a new growth engine for the crypto industry? Top.one tries to deconstruct the current development status of RWA from three dimensions: technical architecture, practical dilemmas, and compliance challenges, and puts forward thoughts on its future evolution direction. Second, RWA is not a new concept, but it has finally waited for a "mature market background" Tokenization of real assets, simply understood as "using blockchain technology to represent rights or values in the traditional world", such as turning U.S. bonds, real estate, or accounts receivable into on-chain tokens, which can be traded, pledged, or used for DeFi. But the realization of this vision is inseparable from two key conditions: The underlying building blocks of on-chain finance are mature enough: After several rounds of bulls and bears, the infrastructure in the DeFi field has formed a relatively complete modular system, including decentralized trading, lending, stablecoins, asset management, etc., providing a composable "place to use" RWA. Mainstream financial institutions are approaching actively: it is no longer Web3 projects that unilaterally "imagine reality", but real TradFi players are beginning to try "on-chain asset management". From this perspective, today's RWA is no longer an "imaginary future", but has a development tipping point of "technical feasibility + scenario reality + regulatory transition". 3. There are three core challenges that cannot be avoided when real assets are on the chain 1. Technical level: the credibility of data and the controllability of assets Pain point 1: It is difficult to verify off-chain asset data. The "authenticity" of assets such as real estate, creditor's rights, and metals is highly dependent on information in the off-chain world. On-chain systems, on the other hand, do not trust external data and require oracles or trusted bridging solutions. Both Chainlink's oracle networks and Ethereum's Layer 2 + zk series are solving this problem. Pain point 2: Asset lifecycle management is complex. For example, after an account receivable is put on the chain, it involves various dynamic operations such as debt transfer, default, and early repayment, and how to synchronize off-chain progress and update on-chain status still needs to improve the "off-chain collaboration standard" and smart contract framework. 2. Legal compliance: Regulation has not yet been finalized, and cross-border issues are even more difficult to grasp The U.S. is the most active and critical regulatory battleground. At present, the United States is promoting the combination path of "stablecoin + RWA", and Circle, BlackRock, etc. are participating in the on-chain of dollar-denominated bonds. China, the European Union, Singapore and other countries have also introduced regulatory frameworks for "tokenized securities" or "compliant issuance". However, the problem is that RWA involves the whole chain of asset issuance, custody, circulation, liquidation, etc., and each link may involve the attribution of legal liability. Without a clear definition of the "equivalence of on-chain rights to actual ownership", it will be difficult for RWA to become a universally accepted asset class. In addition, cross-border issuance and trading involve complex foreign exchange controls and securities rules, which are extremely challenging for most project parties. 3. Business model: asset on-chain ≠ liquidity revolution Even if the technology is in place and compliance is done, the fundamental question for RWA projects is: who will pay for it? Many projects want to "get TradFi users on-chain", but the reality is – Traditional users do not need blockchain, and are more accustomed to compliant, efficient, and secure traditional financial channels. On the other hand, the acceptance of RWA by native users on the chain is limited by "asset liquidity, yield, and transparency". For example, it is not difficult to put a Dubai apartment on the chain, but the difficult thing is how do you ensure that the asset is willing to be held for a long time or quickly circulated in the secondary market? This directly points to the fact that the core value of RWA is not "the asset itself", but "whether it can provide stable cash flow and credit anchoring for the chain". 4. Future trend conjecture: RWA will move towards "standardization" and "asset as a service" 1. Towards standardization: Shift from "project-based" to "protocol-layer assets" At present, most RWA projects are "asset packaged", with no unified interface and poor composability. However, in the future, the industry is very likely to give rise to a number of on-chain asset issuance and management standards (RWA-20?) like ERC20 stablecoins. ）。 These standards will provide "modular asset custody capabilities" from the dimensions of on-chain ledgers, security mechanisms, and equity structures, opening up new sources of assets for DeFi protocols. 2. Asset-as-a-Service: Financial institutions will become on-chain "asset API providers" In the future, professional financial institutions may be responsible for asset selection, risk control, and legal packaging, and then access DeFi protocols in the form of "compliant APIs". This will be the beginning of the deep integration of traditional finance and Web3. What you buy on-chain may be a "customized USD Treasury liquidity portfolio" provided by BlackRock, JPMorgan Chase, etc., while the underlying transaction is still completed off-chain, and only one mapping certificate is presented on-chain. 5. Write at the end: RWA is the "new narrative" for the next stop, but not the "panacea" Every bull run will have an "asset narrative": the previous round was liquidity mining and stablecoins, and this round, most likely RWA. For the first time, it made the on-chain world think seriously: how to move the real-world credit system into the crypto system? But we also can't be under the illusion that RWA is the antidote to all problems. It still has to deal with the complexities of the traditional world, uncertain regulation, and a network of trust that is difficult to build. But because it's hard, it's worth doing. If you're an investor, developer, or entrepreneur, RWA deserves your serious research. It could be our first step in standing on-chain and looking into the real world.