TL;DR
- Tangible rebrands itself as “re.al” and focuses on becoming a layer-2 blockchain for real-world assets.
- The re.al platform aims to offer a comprehensive experience for the issuance and trading of tokenized RWAs, representing tangible assets such as real estate and stocks in digital form.
- re.al plans to implement a governance token to distribute revenue and foster participation on its platform, while aiming to reclaim its place in the RWA market.
Tangible, previously known for its failed stablecoin USDR, is taking a radical turn by rebranding as “re.al” and focusing on becoming a layer-2 blockchain for real-world assets (RWAs). This change reflects its attempt to recover its reputation after the setback with USDR.
The re.al platform aims to offer a comprehensive experience for the issuance and trading of tokenized RWAs. This implies the ability to represent tangible assets such as real estate, stocks, and commodities in digital form, thus allowing for more efficient and accessible trading.
Make it https://t.co/YyClettVVz pic.twitter.com/065crS4pGV
— re.al (@real_rwa) March 4, 2024
re.al CEO, Jag Singh, has announced plans for the platform to be operational in two weeks. This swift action indicates a determination on the part of the Tangible team to redeem themselves and capitalize on emerging opportunities in the RWA market.
re.al’s strategy is based on two forms of redemption: first, the literal redemption of assets for USDR holders affected by the liquidity crisis; and second, the metaphorical redemption of the project itself by transforming into a platform for other RWAs.
Bullish forecasts suggest significant growth in the RWA market, possibly surpassing $10 trillion by the end of the decade. This optimistic projection contrasts with the current size of the crypto market, which is one-fifth of that figure.
Tangible (re.al) Opts For Arbitrum To Rise From the Ashes
The re.al team has chosen to build on Arbitrum due to its native support for gas tokens, allowing for more efficient transactions on the network. This strategic decision reflects the meticulous attention being paid to the platform’s infrastructure to ensure optimal functionality and scalability as demand grows.
Additionally, re.al plans to implement a governance token that will distribute revenue generated by projects built on its platform to token holders. This measure aims to incentivize participation and investment while allowing users to benefit from its success.
re.al is on a mission of renewal, using its past experience as a lesson learned to reinvent itself as a leading platform in the emerging RWA market. With a clear vision, a committed team, and a well-designed strategy, it aims to reclaim its place in the industry and contribute to growth and innovation in the realm of real-world assets.
