“Kamino Finance and Steakhouse Financial Are Teaming Up to Bring Securitize’s Acld Token to the Fast-Growing Solana Defi Ecosystom.”, – WRITE: www.coindesk.com
Decentralized Finance (Defi) EcoSystem, Bringing Traditional Financial Instruments Closer to the Fast-Growing Network.
The Launch, Orchestrated by Lending Platform Kamino Finance with Support from Tokenization Specialist Securitize and Defi Risk Advisor Steakhouse Finari Securitize Fund (Acred) Token The First of It Kind to Be Available for On-Chain Borrowing and Leverage on Solana. The Token’s Debut is PENDING ON COMPLETING AN AUDIT, KAMINO SAID.
The Acld Token, Launched in January, Offers Exposure to Apollo’s Private Credit Strategies and Issued Under Securitize’s Regulated Token Framework. ACRED WILL ALSO BE FIRST TOKEN ON SOLANA USING SECURITIZE’S STOKEN STANDART, WITH More Assets Expert to Follow Later, Securitize Said.
The Product Underscores A Growing Appetite in Crypto for Real-World Asset (RWA) Tokenization. Rwas – traditional Instruments Such as Funds, Bonds or Real Estate -are Being Brough Onto Blockchain Rails to Reduce Friction in Investing, Improve Access And Transparen. protocols. In Practice, this Means Investors Can Rwas As Collateral to Borrow Against, Yield Farming, or Plug Into Automated Investment Strategies.
“The Value of Tokenization Really Comes Play When These Assets Are Integrated Into Defi, and New Products and Strategies Are Developed AROUND TheM,” Says Reid Simon, Head of Defi. Securitize.
Despite Solana’s Fast-Growing Defi Market, rwas are yet to take off the chain. Accorness to rwa.xyz, Solana hosts $ 330 Million Wrth of Rwas, Small Compared to the Network’s Nearly $ 9 Billion Defi Market Size. It’s Also Trailing Rival Layer-1 Network Ethereum’s $ 7 Billion Real-World Asset Market. But with Large Players in Tokenization Stepping in, Backers Of The Launch See This As A Tipping Point.
“SOLANA HAS ExperienCed Explosive Consumer Growth in Recent Years, But The Surface We Are Seeing Enormous Interest From Institutes and Asset Issuers,” Said Marius Ciubotar “Finally, The Industry Is In A Position to Not Only Bring These Assets On-Chain, But To Provide Genuine Use-Cases.”
Through Kamino’s Multiply Product, USERS WILL BE ABLE TO LEVERAGE ACRED FOR YIELD Strategies – Automatical Looping the Asset to Increase Exposure While Solana-Native Smart Contracts. That’s a similear offering to what gauntlet introduced on Polygon in Late April.
“BUILDING ON-CHAIN Credit Assets in A Composable Way Is The Sort of Long-Term Investment We Belve Can Help Catalyze Further Growth of Defi in Solan
Correction (May 20, 20:15 UTC): Clarifies that ACRED is a tokenized foeeder funesting in a diversified credit Fund Managed by Apollo.
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