RAAC has launched its testnet, marking a significant milestone following extensive planning and strong institutional interest, resulting in $235 million in gold-backed deposits. Part of the $1.8 billion Curve ecosystem and supported by Chainlink and The LLamas, RAAC aims to tokenize gold and real estate assets, making them accessible through decentralized finance. The project utilizes established partnerships in asset tokenization, poised to integrate significant amounts of institutional investment while minimizing speculation and enhancing utility in the financial system.
Tokenizing gold reserves allows real-world assets to integrate with DeFi, offering a path beyond crypto speculation and engaging broader financial markets.
RAAC represents a significant pivot towards asset-backed tokens, capturing institutional interest and redefining the role of decentralized finance in global finance.
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