The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
 
 
 
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 

Mastercard Startpath Alum Polytrade Releases RWA 360 Roadmap to Become the Home of Everything RWA 

DATE POSTED:November 20, 2024

Polytrade, the largest RWA marketplace, has unveiled its RWA 360 roadmap. It aims to create a holistic and experiential platform, unlike anything currently in the RWA landscape. 

The roadmap introduces key new features such as the Token Hub, Cross-Chain Bridging, Gamification, an industry-wide RAGMI Loyalty Program, and Prediction Markets. These features build on the existing marketplace and are designed to make RWAs more experiential than ever before.

“We have seen a large influx of users use the platform, but we believe there is still much lacking in RWAs as a sector, and that is what we aim to accomplish with RWA 360,” said Piyush Gupta, Founder & CEO of Polytrade. “When we created the marketplace, there was a clear gap in the market, and we were the first to recognize it. Now, after running this market, we can see the next gap, which we will fulfill with RWA 360.”

Things have moved fast for Polytrade over the recent months. Polytrade has on-boarded more than 70 RWA tokenization protocols, including Ondo, Centrifuge, Clearpool, Maple, and Galileo, making it the largest RWA marketplace with more than 7,000 assets across 9 asset categories and 11 chain partners. Polytrade’s marketplace now houses more than 75% of all publicly tokenized assets, achieving the goal it set out back in Feb 2024 to be the one-stop shop for tokenized assets.

On the user side, the platform has attracted over 75,000 registered users, who facilitated over $2.5M in transaction volume, generating nearly $25,000+ in fees in the process. Part of the fees have already been used to buy back Polytrade’s $TRADE token, with another buyback planned for the end of 2024.

More recently, Polytrade took further steps to strengthen its marketplace offering by extending it to tokenized intellectual property (IP) and tokenized trade. The company acquired Anotherblock’s distribution arm, which includes tokenized IP linked to songs by artists like BTS, Rihanna, David Guetta, and Justin Bieber. Additionally, Polytrade secured committed tokenized trade volumes of $1M per quarter, locking in large, long-term customers for the platform. 

“These large moves including Anotherblock’s takeover and Tokenized Trade were both made to strengthen the marketplace and build revenues. Polytrade has already started earning fees on Tokenized Trade and will accrue value from Anotherblock’s NFT payouts starting Q1 2025” said Piyush Gupta, Founder & CEO of Polytrade.

Polytrade’s efforts to redefine the RWA landscape mark a pivotal moment for the sector, as the company continues to lead innovation and adoption in tokenized real-world assets. Just like the marketplace launch in Q2 2024, Polytrade’s RWA 360 is poised to redefine the RWA sector.

Institutional Arm

Alongside Polytrade’s user-facing marketplace, Polytrade is well known for working with institutions in a private capacity. Chief among these is Mastercard

Since graduating from Mastercard’s accelerator in 2024, Polytrade has continued to work closely with the payments giant to deploy tokenization and marketplace technology in institutional areas such as trade finance & secondary markets.

“We continue to work with Mastercard and partner banks to deploy solutions that can handle large, complex transactions with reliability and security that can scale to bank-level requirements” added Piyush.

The post Mastercard Startpath Alum Polytrade Releases RWA 360 Roadmap to Become the Home of Everything RWA  appeared first on BeInCrypto.