CandleFocus RWA App Integrates with Near Protocol to Accelerate Growth of Tokenized Assets
2024-09-10
Author: Content Editor
RWA App has integrated with Near, a layer-1 blockchain, enabling its database to track over $630 million in tokenized treasuries and stablecoins on the network. Near Protocol offers a faster and cheaper alternative to Ethereum, with an estimated processing capacity of up to 100,000 transactions per second. The integration allows users and developers to interact across multiple ecosystems from a single account. Real-world assets (RWAs), which represent tangible assets outside of the digital spectrum, can now find a place in the decentralized finance (DeFi) ecosystem through tokenization on Near Protocol. The growth of tokenized assets on Near Protocol has been significant, with the total value locked (TVL) increasing from $54 million in early 2024.
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