Aave Labs has announced a collaboration with Ant Digital Technologies in an attempt aimed at building an adapted RWA market on Ethereum.
The partnership includes Horizon, a decentralized platform for the decentralized financing products of institutional quality that was launched by Aave Labs earlier this year.
Aave (Aave) founder Stani Kulechov said in an announcement on 9 May that the new market will focus on qualified users, so that they can borrow stablecoins with their tokenized real world assets as collateral.
“I am pleased to announce the strategic cooperation of Horizon with Ant Digital Technologies, one of the largest blockchain technology services providers in the world,” Kuchelov posted on X. “We will work with them on an adapted RWA market on Ethereum.”
Aave Labs introduced Horizon in March and considered it an adapted RWA platform that was designed to bridge decentralized finances and institutional adoption.
The first product of the Ethereum-based protocol is tokenized money market funds.
Institutional investors can use the MMFs as collateral when you are looking for a stablecoin -liquidity.
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The cooperation with Ant Digital Technologies, the subsidiary of Digital Technology of Ant Group, comes as the RWA market wins a remarkable traction. Worldwide asset managers such as BlackRock have become important players in the midst of an increased institutional question.
Horizon wants to unlock further acceptance of blockchain and crypto about the Aave ecosystem.
“By tuning to institutional standards while retaining Defi’s core efficiency, Horizon unlocks a compatible, scalable and accessible path for institutions and tokenization platforms to enter into decentralized financing,” Aave Labs wrote in a blog post.
Stani Kulechov said that the strategic cooperation between horizon and Anti Digital is an important milestone.
“Defi will be the backbone of global finances and this is an important step in the direction of institutional acceptance of Defi,” Kulechov added.
The Aave -Ecosystem continues to dominate the Defi market, with the total value on the protocol that is currently locked at more than $ 23 billion.
According to Defillama data, the Defi TVL is more than $ 111 billion.
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