Cardano Rises 1.342% as Genius Yield Expands Real-World Asset Involvement

Cardano's latest price was $0.6265, up 1.342% in the last 24 hours. The cryptocurrency's ecosystem is expanding its involvement in Real-World Assets (RWAs), with the Genius Yield protocol approving a significant proposal. On April 18, the Genius Yield protocol announced the approval of its second milestone in RWA swaps, known as the F12 Catalyst proposal. This proposal establishes key procedures for the RWA trading platform, including asset auditing and ownership verification, which are crucial for investor confidence as they ensure proof of authenticity and real ownership. The next steps for the platform involve developing a digital onboarding portal for asset owners and implementing mechanisms for token issuance and rewards distribution ahead of the platform’s launch.

Genius Yield is one of several Cardano projects focused on RWAs. Empowa is building a property funding platform targeting the African market, while Tiamonds enables the tokenization and trading of real-world diamonds, allowing users to own fractions of these assets. RWAs are emerging as a promising use case for crypto, involving the recording of real-world assets on-chain and converting them into tradable tokens. These tokens can represent fractional ownership, a key advantage in traditionally illiquid markets like real estate and fine art. By March this year, the total value locked of all tokenized assets reached $50 billion, with $30 billion coming from tokenized real estate. A report from consulting firm McKinsey projects that the RWA market could grow to $2 trillion by 2030.

Cardano founder Charles Hoskinson expressed his concerns about being excluded from the recent White House crypto roundtable. Hoskinson emphasized that U.S. crypto policy reform should focus on creating a sustainable and long-term framework rather than aligning with transient political figures. He highlighted the importance of regulatory stability and critiqued the current volatile policy landscape in the U.S., likening Trump’s governance style to that of a startup. Hoskinson’s absence from the summit, which included notable crypto leaders like Coinbase’s Brian Armstrong and MicroStrategy’s Michael Saylor, raised questions about the inclusivity of the roundtable discussions. Hoskinson’s remarks underscore the need for decentralized systems such as blockchain technology, where permanence is key.