'Lending Protocol' Aave Launches Tokenized Asset-Backed Lending Service for Institutions
JH Kim
Summary
- Aave Labs has announced the launch of the tokenized asset-backed lending service Horizon for institutional clients.
- The platform enables stablecoin loans using tokenized real-world assets (RWA) as collateral.
- Institutional clients can borrow major stablecoins such as USDC and RLUSD 24/7 using tokenized securities as collateral.
According to cryptocurrency-focused media outlet CoinDesk on the 27th (local time), Aave Labs, the developer of the decentralized lending protocol Aave, has launched Horizon, a platform exclusively for institutional clients. This platform is designed to enable stablecoin loans with tokenized real-world assets (RWA) as collateral.
Horizon is built on an Aave V3 instance and is characterized by offering 24-hour lending services. Institutional clients can borrow major stablecoins such as USDC and Ripple USD (RLUSD) using tokenized securities as collateral.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
