aave Labs teams Up with Ant Digital for Custom RWA Market
Aave Labs has teamed up with Ant Digital Technologies to create a custom real-world assets (RWA) market on Ethereum. This collaboration aims to bring more institutional investors into the decentralized finance (DeFi) space.
The partnership involves Horizon, a platform launched by Aave Labs. Horizon allows qualified users to borrow stablecoins using their tokenized real-world assets as collateral. Aave Labs introduced Horizon in March,focusing on bridging DeFi and institutional adoption.
Horizon’s first product is tokenized money market funds (MMFs). Institutional investors can use these MMFs as collateral to access stablecoin liquidity. This move is significant as the RWA market gains traction, with global asset managers like BlackRock becoming key players.
Stani Kulechov, Aave’s founder, announced the collaboration on May 9. He stated, “This partnership is a major milestone. It aligns with institutional standards while preserving DeFi’s core efficiencies.”
Ant Digital Technologies, a subsidiary of Ant Group, is one of the world’s largest blockchain technology service providers.The collaboration aims to unlock further blockchain and crypto adoption within the Aave ecosystem.
With over $23 billion in total value locked, Aave continues to lead the DeFi market. According to DeFiLlama, the total DeFi TVL stands at over $111 billion, with Aave leading Lido, EigenLayer, and Sky.
