RWA Recap | 2022 Q1-Q2

Creditcoin 2.0, the Aella integration, and the Lottery and Bond Accounts to name but a few — Check our progress in our first 2022 Recap report

January — June 2022 Progress Recap

2022 has been a massive year for Creditcoin (and Gluwa). So far we’ve managed to launch our new mainnet, record tens of thousands of real-world loans with Aella, and laid the foundations for our next major project, the Gateway DAO.

On top of all that, Gluwa has secured new RWA investment partners and delivered a range of cutting-edge crypto investment products. We’ve provided a quick recap of all our progress in Q1 and Q2 below 👇

Creditcoin

Without a doubt, the delivery of Creditcoin 2.0 after months of hard work has been our crowning achievement this half of the year. The new mainnet, built on Substrate, had been running smoothly for several months now, with around 1,000+ different nodes securing the network at its peak.

Above all else, the release of Creditcoin 2.0 also allowed us to complete our first real-world lending Integration with Aella. In the first couple weeks of live operation alone we recorded over 28,000 loans, worth over $1.8 million. We even got coverage from Cointelegraph. In fact, for the most up to date figures, we’ve now reached over $8m worth of loans recorded.

And all that wouldn’t have been possible without the completion of Credal 1.0, our API service for Creditcoin. Though, this hasn’t been publicly released just yet.

Listings & Partnerships

We’ve been busy on the listing front too. In the past few months we’ve secured $CTC listings on all of the following exchanges: Kucoin, Poloniex, Gate.io, Bybit, and Huobi!

It was an exciting period for partnerships too as we aim to build out the cross-chain interoperability of Creditcoin. To that end we secured partnerships with several L1 and L2 partners including Flow, Arkadiko, Stacks, Horizen and Aurora.

On top of that we also delivered some really exciting Gateway DAO partnerships, with both Age of Zen and Cripco, the latter of which promises to deliver one of the most exciting, interactive and complete Web 3 NFT platforms on the market.

Other News

Creditcoin was selected as part of the BNBChain MVBIV incubator programme. Paving the way for future opportunities in the Binance ecosystem.

As part of our efforts to spread the good word, we also held several new AMAs with Tae, our founder, to help communicate our mission to new audiences around the world.

That’s it for our Creditcoin progress summary. Part 2 will cover Gluwa.

Gluwa

It’s been a busy H1 for the Gluwa dev team. All-in-all we managed to deliver several exciting new updates and features to our Gluwa Wallet App 👇

Gluwa App V.7 — (A complete UI overhaul)
The Lottery Account
The Fixed-Term Interest Account (Bond Account)
Support for four new digital currencies (ETH, USDC, USDT, CTC)

The lottery Accounts lets users try their luck to win big — with a chance to win all the interest from a shared pool of capital. So far we’ve had seven winners, with the biggest winner taking home over $1,400. To learn more about how it all works, check our article here.

On the other hand, the Fixed-Interest Account represents our flagship new investment product. Letting you earn up to 15% whilst delivering growth-capital to emerging markets. Soon, you’ll be able to pick and choose exactly which portfolio companies you want to invest in through the upcoming Gluwa Investment portal.

New RWA Investment Partner — Untapped Global

We secured our third RWA investment partner — Untapped Global — an innovative ‘smart-asset-financing’ company providing growth capital to emerging market businesses. We had a chat with Untapped CEO, Jim Chu, to help us explain who Untapped are and what they do if you’re curious about finding out more about this unique investment opportunity…

Other

There was a lot’s of other stuff going on at Gluwa too. We noteably added Sung Choi to our investment team. We dropped two amazing adverts, one in Times Square — New York, and another in Shinjuku — Tokyo.

We also launched the RWA Manifesto, calling on the like-minded to help us build a better future for finance, and provided new resources such as our amazing RWA infographic, detailing exactly how the RWA ecosystem works.

Finally, with all the volatility in crypto, we made sure we properly communicated exactly what all of our investment products entail and how they work. It’s vitally important to ground our operations in transparency so you know exactly what the risks are, and how we help mitigate them. To learn more about how we generate our yield, check our out article here.

About Creditcoin

Creditcoin is a foundational L1 blockchain designed to match and record credit transactions, creating a public ledger of credit history and loan performance and paving the way for a new generation of interoperable cross-chain credit markets.

By working with technology partners, fintech lenders such as Aella, and other financial institutions across global emerging markets, Creditcoin is securing capital financing, building credit history and facilitating trust for millions of underserved financial customers and businesses based on the principles of RWA.

About Gluwa

Gluwa is an RWA platform, connecting global capital to emerging market lending and investment opportunities through blockchain technology, and empowering users with the choice and information they need to prosper.