This month in RWA: TRON + Polygon support, three new RWA partners and a major deal with the Lekki Free Zone.
It’s time for the monthly RWA Recap, covering all the latest updates, stories, articles and more. This time for the (not so) lovely month of September. It might feel like winter is slowly drawing in, but fear not, we’re here to warm you up with lovely stories about financial inclusion and interoperability. Let’s dive in.
We released our amazing new Creditcoin one-pager, helping you understand exactly what Creditcoin is and how it can help you access new, transparent, credit investment opportunities. Check it out below 👇
Creditcoin Hashrate ATH
Another month, another hash rate all-time-high, this time reaching over 315 GH/s. This means that there’s more mining power securing the network than ever before. Importantly, a higher hash rate makes it harder to attack the network.
Staked CTC hits 38M
Since we launched CTC staking a few months ago, we’ve seen over 26M CTC staked in the Gluwa Wallet, and another 12.4M in GOFi, taking the total to almost 40M. If you want to stake your CTC to help secure the Gateway DAO and start earning GATE rewards, check out our staking guide here.
Creditcoin x Tron Partnership
We delivered a major new partnership with the TRON DAO to help bring TRON into the RWA ecosystem. TRON is a highly scalable smart contract-enabled L1. Based on delegated PoS, it offers extremely low cost transactions and has processed over 3.9bn transactions to date.
The partnership will see the development of a new TRON Gateway DAO bridge, as well as support for TRC20 tokens in the Gluwa Wallet, facilitating new exchange listings and low-cost stablecoins transactions for Gluwa Invest.
Creditcoin x Polygon Integration
Not only is TRON joining the party, Polygon support is also coming to RWA! Polygon (aka MATIC) is a highly scalable protocol which offers a wide range of Web3 scaling solutions including L2s (Optimism and zkRollups) and sidechains.
The partnership will see a new Gateway DAO bridge deployed and Polygon support for the Gluwa Wallet. Even more excitingly, it will also bring direct Polygon support to the Creditcoin Mainnet, meaning Polygon-based loans can be recorded on Creditcoin, helping to facilitate scalability in the RWA investment ecosystem.
Q4 Roadmap Update
We updated our roadmap for the final quarter of 2022. For the full details, check out our blog post here. Spoiler alert: More L2 and RWA partnerships, the Gateway DAO Launch, a big Creditcoin Block Explorer update and another Mainnet integration are all planned for the final months of 2022.
Recap August 2022
Don’t worry if you missed out on last month’s recap report. To catch up on everything we did in August, check our our blog post here.
CRIPCO Partnership Events
We have lots of exclusive promotions and events coming for GTD holders. Indeed, we launched two amazing new campaigns in partnership with CRIPCO, an incredibly exciting NFT platform, last month alone. More info on those below.
👉 Wade Events
Our first NFT Whitelist Event was with Wade Friends and Family, an epic new NFT giving you access to a creative community full of amazing merch drops, music, and real-world events. All you needed to do to get on the whitelist was stake 10 GTD in the Gluwa app (equivalent to 10k CTC)! At the time of writing, these NFTs are going for a cool 48 SOL.
👉 OOZ Events
We announced our second exclusive Whitelist Event just a couple of hours ago. This time with the amazing OOZ project developed by IPX! If you want to get on the OOZlist, then make sure you follow the event instructions here.
As usual, it’s not only been a busy month for Creditcoin, we’ve been super busy at Gluwa getting the new investment portal up and running - you can expect more info on that bombshell next month. For now, we’ve been very busy acquiring exciting new partners to help build the future RWA together.
Our first RWA partnership of the month, Credrails is a women-led SaaS platform aimed at jumpstarting the growth of digitally-enabled companies in Africa by leveraging the power of open banking.
We also partnered with YoFio, a fintech credit provider offering local corner stores across Mexico access to vital lines credit. YoFio uses an innovative machine-vision underwriting model to analyze a simple video of the store and its inventory to estimate its true sales and risk of closure, using this data-driven approach to quickly and effectively assess risk.
Our most recent partnership was with Rubyx, a LaaS (lending-as-a-service) fintech helping businesses in emerging markets grow their digital loan portfolio through AI-powered risk assessment tools and an API-driven cloud platform providing end-to-end digital lending capabilities. Rubyx already scores over 1.6M customers, while its predictive risk models helps it achieve a credit default rate as low as 1.4%.
Blog: Our RWA Partnership Strategy
Our new blog post discusses exactly how we choose and evaluate our new partners, and outlines how that approach feeds into our overall RWA ecosystem growth strategy. If you want to find our more about our RWA partnership strategy, check out our blog post here.
Ending on some pretty major news, we partnered up with the Lekki Free Zone Development Company (LFZDC) to help promote growth, trade and digital innovation in the Lekki Free Zone (LFZ) using blockchain technology.
The partnership will see us supervising the development of a new digital dashboard designed to enable the digitization and tokenization of tradable goods into NFTs, as well as the development of new opportunities for digital-asset backed loans for companies in the LFZ. Discussions were also held over the possibility of a ‘Virtual Free Zone’ for digital and Web3 businesses within the LFZ.
News Coverage: Lekki Free Zone
Our partnership with the LFZDC even landed us coverage in Cointelegraph.
That’s it for September folks. We hope you enjoyed this month’s recap report.
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.
Gluwa is an RWA platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.