🌐 Last Week in Tokenization: May 31, 2024

Welcome to our newsletter! Every week we summarize the most important stories in tokenization. Sign up below.

From House hearing on RWAs to a new tokenization report from the DTCC...let's explore this week's top stories 🧵👇 1 ) Distribution: How Top RWA Issuers Are Differentiating Themselves From the Rest 🔝

There has been a plethora of RWA issuances recently.

The top products are differentiating themselves with aggressive distribution strategies.

Announcing Tokenized Treasuries Analytics! 🏦

Today we're excited to publish the most detailed treasuries dashboard along with an industry-first research report by @jackchong_jc

We cover the legal, financial, and technical nuances of 10+ products for asset allocators 🧵 👇 Most public attention is on the speculative nature of crypto tokens.

Little is known that the underlying technology of blockchain is now used for custody, trading, and settling more than $600M worth of US Treasuries.

() https://t.co/LHe6F8QE1Bapp.rwa.xyz/treasuries

1/ Introducing the RWA Directory!

As the narrative for on-chain real-world assets grows, so does the number of teams working in the space

The Directory is the one place where you can browse, search, and contact every RWA-focused team

More info and link below 👇 2/ Check it out here 👉 app.rwa.xyz/directory

Or keep reading for more info on the attributes we included for each company 👇

1/ Introducing @rwa_xyz - Analytics on real-world assets.

In order for DeFi to fulfill its original mission of building a transparent, efficient financial system, real-world assets must be brought on-chain.

🧵 on RWAs and how we help investors allocate to them: 2/ With token rewards and ponzinomic yields drying up, investors need new, truly sustainable sources of on-chain returns.

RWAs are the answer. They offer diversified and often superior real yields compared to mainstream DeFi lending and LP'ing.

1/ Since the start of November, uncollateralized DeFi lending has drawn down over 60%

From $450M to $177M (and still decreasing...)

Here's a breakdown protocol by protocol 🧵 2/ @ClearpoolFin took the brunt of the credit crunch, with over 90% of loan value having been called back

From $81M to $6M, though now slightly recovered to $14M

According to the team, it's a feature--not a bug--that lenders can remove capital so quickly

1/ Alameda previously borrowed hundreds of millions of $ from DeFi

Now they are facing a liquidity crunch (or worse), putting their unsecured creditors at risk

Here's what their DeFi debt obligations are now 🧵 2/ $7.28M from their @TrueFiDAO pool

They successfully made interest payments a week ago, but the principal comes due in less than 50 days

First sign of trouble will be missed payments due Nov 20