Real world asset market Polytrade brings Messi-backed RWA on-chain in partnership with PlanetRefi

Tokenisation, or the process of representing any physical or financial real-world asset as a digital token on a blockchain, has been one of the largest sectors in the blockchain and web3 ecosystem. Via Polytrade, Users can choose from real-world assets like real estate, art, gold, pokemon and trading cards, collectibles, or even instruments such as private credit from any part of the world in just a click of a button using the power of Web3. As per Coingecko, RWAs are the second most popular sector in web3 and crypto as of Q2 2024.

The Polytrade marketplace is the leading platform focused exclusively on building the “Amazon” for tokenised RWAs. It serves as a comprehensive gateway for global tokenised opportunities, catering to retail individuals, professional investors, collectors, enthusiasts, and institutions. Apart from its marketplace https://bit.ly/4cLleuO, Polytrade has also been working with institutions on the tokenisation and management of assets, most prominently with Mastercard on Mastercard’s institutional MTN network. This makes Polytrade one of the only 2 RWA players working with large institutions, the other being Ondo.

Since its inception in 2022, Polytrade has been at the forefront of the RWAs, introducing innovative solutions such as the Ethereum Foundation accepted ERC-6960 token standard, which solves for fractionalisation, payment splitting, and real-world scenario planning.

“We created ERC-6960 out of necessity, as other token standards were restrictive and did not cater to the on-ground complexity involved in tokenised assets in the real world. We now have over 4,000 assets on the marketplace across 9 asset categories and from more than 90 protocol partners. ERC-6960 is also key to our cross-chain roadmap and we are thankful to our 10+ chain partners who we are working with to make RWAs truly cross-chain," says Piyush Gupta, CEO and Founder of Polytrade.

Once an asset is tokenised, these digital tokens can be bought, sold, fractioned, traded, or even fractioned on blockchain platforms such as Polytrade. Instead of needing large amounts of money to own an entire asset (like a property or art piece), investing in real-world assets lets you buy smaller portions or fractions of it.

As an industry leader, Polytrade now boasts the largest RWA ecosystem in the space. Polytrade has partnered with over 90 protocols and continues to expand its collaborations with chains, protocols, creators, and artists. The project boasts partnerships with eminent industry leaders like MasterCard, DWF Labs, Ondo Finance, Clearpool Finance, Galileo Protocol, Goldfinch Finance, Maple Finance, MatrixPort, Atlendis, Polygon Labs, Swarm Markets, Defactor, and others.

Polytrade features compatibility with chains like Polygon, Arbitrum, Kinto, Plume, Horizen EON, and Redbelly Network on the marketplace and enables the trade of assets cross-chain across Ethereum, Polygon, Arbitrum, and 5+ more chains for a seamless experience and continues to expand its tech stack with bigger partnerships to offer a wide variety of assets to choose from.

The Polytrade ecosystem is powered by the $TRADE token, which is slated to play a crucial role in various functions including fees, burn, and insurance pools. $TRADE is listed on prominent exchanges such as KuCoin, Gate, and MEXC, as well as decentralised exchanges like Uniswap.

With a strong and established presence in the industry, launching a collectible Messi-backed real-world asset is another crowning achievement. Investors can buy as many tokens as they want, even if they have only a small amount to invest, say Rs 500, and have a chance to own the collectible. The campaign is live till July 22, 2024.

The boot is crafted from materials recycled from the Paraná River in Messi's hometown, and not only celebrates the football legend but also embodies a commitment to environmental sustainability. Polytrade has previously hosted well-known artists such as Tyler Foust, IAN Woods, and JRNE on its platform.

Head to Polytrade’s marketplace on www.market.polytrade.app to explore the world of tokenised Real World Assets and to get your hands on this limited edition PlanetRefi Messi Backed RWA.

About Polytrade

Polytrade is the global gateway to tokenised Real-World Assets ("RWAs"). Backed by & partnered with industry giants Mastercard, Polygon, Alpha Wave, and Matrix Partners, Polytrade’s marketplace brings together tokenised t-bills, credit, stocks, real estate, commodities as well as collectibles, art, IP, creator royalties, luxury goods from all chains to a single platform. Using its own RWA-focused ERC-6960 technology, Polytrade enables users to discover, trade, fractionalise, cross-chain bridge, leverage, trade and simply do more with RWAs.

Website: www.polytrade.finance

For media inquiries, reach out to:

Shreya Berry, Marketing Manager

UAE

shreya@polytrade.finance

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