Mastercard Startpath Alum Polytrade Releases RWA 360 Roadmap
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poly tradeThe largest RWA market has announced its RWA 360 roadmap. Its goal is to create a holistic, experiential platform that is unlike anything currently available in the RWA space.
The roadmap introduces key new features such as token hubs, cross-chain bridging, gamification, industry-wide RAGMI Loyalty Programand prediction markets. These features build on the existing market and are designed to make RWA more experiential than ever before.
“We’ve seen a massive influx of users into the platform, but we feel RWA as an industry still leaves a lot to be desired, and that’s exactly what we’re achieving with RWA 360,” said Piyush Gupta, founder and CEO of Polytrade. “When When we created the marketplace, there was a clear gap in the market, and we were the first to recognize it. Now, after running this marketplace, we can see the next gap, which we will fill with RWA 360. “
Polytrade has grown rapidly in recent months. Polytrade has joined over 70 RWAs Tokenization Protocols, including Ondo, Centrifuge, Clearpool, mapleGalileo, making it the largest RWA marketplace with over 7,000 assets across 9 asset classes and 11 chain partners. Polytrade’s marketplace currently hosts over 75% of publicly tokenized assets, achieving the goal it set in February 2024 to become a one-stop shop for tokenized assets.
On the user side, the platform attracted more than 75,000 registered users and facilitated more than $2.5 million in transaction volume, generating nearly $25,000 more in fees in the process. Part of the fee has been used to buy back Polytrade’s $TRADE tokens, with another buyback planned for the end of 2024.
Recently, Polytrade took further steps to strengthen its market Services are provided by extending it to tokenized intellectual property (IP) and tokenized trade. The company acquired Anotherblock’s publishing arm, which includes tokenized IP related to songs by artists including BTS, Rihanna, David Guetta and Justin Bieber. In addition, Polytrade secures $1 million in tokenized trading volume per quarter, locking in large, long-term customers of the platform.
“These major initiatives, including Anotherblock’s acquisition and tokenized trading, are all designed to strengthen the market and increase revenue. Polytrade has already begun earning fees from tokenized trading and will start earning fees from Anotherblock’s NFTs in the first quarter of 2025. Build value in your spend,” said Piyush Gupta, founder and CEO of Polytrade.
Polytrade’s efforts to redefine the RWA landscape mark a pivotal moment for the industry, as the company continues to lead the innovation and adoption of tokenized real-world assets. Like the market launching in Q2 2024, Polytrade’s RWA 360 is poised to redefine the RWA space.
Institutional sector
In addition to Polytrade’s user-facing marketplace, Polytrade is also known for its partnerships with private institutions. The most important of which is MasterCard.
Since graduating from the Mastercard Accelerator in 2024, Polytrade has continued to work closely with the payments giant to deploy tokenization and marketplace technology in institutional areas such as trade finance and secondary markets.
“We will continue to work with Mastercard and partner banks to deploy solutions that can handle large, complex transactions reliably and reliably. Safety Can be extended to bank level requirements,” added Piyush.
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