Milan, Italy – Main European DeFi firm Of us Finance turns into the primary platform to deliver digital gold and silver to a wider viewers by itemizing GOLD and SILVER – tokens linked to the actual worth of those valuable metals.
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These tokens, powered by Algorand, facilitate lending, borrowing and buying and selling of valuable metals instantly on the Of us Finance platform, bringing conventional monetary property to the DeFi area.
Every token is backed by a gram of bodily secured gold or silver, permitting tangible property to enter Algorand’s DeFi ecosystem for the primary time. This historic growth marks an important step in bridging standard finance with decentralized finance, unlocking the usage of actual gold and silver in DeFi lending and transactions.
This strategic transfer is anticipated to draw new customers and seize the eye of conventional traders within the monetary sector, given the accelerating progress of the real-world asset (RWA) market. Forecasts from digital asset administration firm 21.co predict that the RWA business might soar to $10 trillion by 2030.
“We’re excited to deliver GOLD and SILVER to the Of us Finance platform,” mentioned Benedetto Biondi, CEO of Of us Finance.
“This itemizing is a testomony to our dedication to increasing RWA choices and making DeFi extra accessible to a broader vary of customers.”
Benedetto Biondi, CEO of Of us Finance
GOLD and SILVER buying and selling shall be obtainable to customers from December 4, with nice pleasure from the neighborhood and ecosystem.
This addition of tokenized gold and silver aligns with Of us Finance’s latest itemizing of EUR stablecoins by Stasis, and reinforces their dedication to broadening the vary of RWAs on their platform and facilitating their performance on Algorand.
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About public funds
Of us Finance is a number one DeFi protocol that enables customers to lend, borrow, stake, commerce and handle digital property on a single platform. Of us Finance streamlines the DeFi expertise with a UI and UX that’s aggressive with centralized exchanges, all whereas working on permissionless sensible contract expertise.
The protocol stands out on Algorand with over $100 million TVL. The Of us staff is scaling up by launching an progressive cross-chain platform that may drive the interplay of a number of chains through CCIP and Wormhole with out friction in bridging, gasoline charges and community choice. The platform not too long ago acquired the Finest Analysis Paper Award from the British Blockchain Affiliation.
About Meld
Meld is an organization that provides fractionated gold and silver. Meld’s platform permits customers to purchase fractions of gold and silver bars, making these valuable metals extra accessible within the crypto business. One Meld Token is equal to 1 gram of the corresponding valuable steel which is totally exchangeable and housed in a community of safe vaults and services.