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By Mystic Finance
Mystic is building a lending market for RWAs, which lets borrowers take out stablecoins using their tokenized real-world assets.
Mystic is building a lending and borrowing market for RWAs. For context, over $10 trillion worth of financial assets are expected to be tokenized until 2030, driven by institutional adoption. However, existing lending markets both lack the compliance rails to support these assets and don't have mechanisms in place to prevent liquidity fragmentation caused by different parties tokenizing the same underlying asset (e.g. there are 10+ US Treasury Bill tokens on Eth Mainnet alone).
Mystic solves this by setting KYC/KYB requirements at the asset-level, which allows us to modularly support any asset and its legal requirements (e.g. non-US investors only). Not only that, Mystic has an optimizer system in place which helps balance liquidity across assets of the same asset class (e.g. distribute liquidity amongst multiple tokens representing US Treasuries). Both of these characteristics combined make Mystic the perfect lending playground for institutions and high-networth individuals looking to leverage their real-world asset holdings.
Seeing as our current infrastructure is all Ethereum-based and EVM-focused, we lack the ability to support Stellar assets and work with Stellar-aligned asset managers, like Franklin Templeton and future ones. We are very interested in being on Stellar, as the ecosystem seems like a perfect fit with our value proposition. Hence, we are requesting this Activation Award so we may reproduce our infrastructure on Soroban and go live on Stellar!
$47.0K
kelmat
kelmat
No other submissions.