Legal and General Announce RWA Plans For Its $1.5 Trillion In Funds: Best RWA Crypto Coins For 2024?

Legal and General are hot on Blackrock’s BUIDL tail with $1.5Tn to be tokenized, as RWA heats up, what’s the best RWA Crypto to buy in 2024?

Legal and General, one of the largest UK-based financial services companies, has announced plans to potentially tokenize its funds using blockchain technology.

The firm’s investment arm, Legal and General Investment Management (LGIM), is one of the largest in the world. It boasts a hefty £1.14 trillion ($1.5 trillion) in assets under management (AUM). In addition to investments, Legal and General also specializes in insurance and pensions.

🇬🇧 LATEST: UK pension giant L&G ($1.5T AUM) is entering crypto by offering tokenized funds, joining the likes of BlackRock and Franklin Templeton pic.twitter.com/rpGnZZiiOX

— Jesse Trading (@TradeWithJesse) October 21, 2024

Legal & General Are Following Global Leaders With A Combined $12.5 Trillion AUM Into The RWA Sector

This move could see the firm follow in the footsteps of market leaders like BlackRock and Franklin Templeton after both giants recently stepped into the emerging real-world asset (RWA) sector.

“We are evaluating ways to make the LGIM Liquidity funds available in tokenized format,” LGIM global head of trading Ed Wicks told The Block via email. “Digitization of the funds industry is key to improving efficiency, reducing cost, and making a broad range of investment solutions available to a wider range of investors. We look forward to continued progress in this space.”

A government working group, working in collaboration with the UK Treasury, financial regulator the Financial Conduct Authority (FCA), and investment managers like BlackRock, gave the green light for tokenization for UK investment funds in November 2023.

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Ex LGIM CEO Previously Called For UK To Remain At The ‘Forefront Of Technological Development’ With Fund Tokenization

FUND TOKENIZATION ➡️ UK REGULATOR WELCOMES PLAN ➡️ THE NEXT GENERATION OF MARKETS INCOMING‼️ #ETF #Tokenization

• A report by the U.K.'s Technology Working Group is setting the stage for implementing #tokenization of funds.

• Firms wishing to provide tokenized funds should… https://t.co/eJno3rMUvt pic.twitter.com/CSs8DLwi1T

— XRP DROPZ (@DROPZXRP) November 28, 2023

The model allows funds authorized by the FCA to adopt tokenization for sales and redemption transactions, provided they meet specific criteria, such as investment portfolios comprising only mainstream investment assets and maintaining conventional valuation and settlement processes.

“Fund tokenization has great potential to revolutionize how our industry operates by enabling greater efficiency and liquidity, enhanced risk management, and the creation of more bespoke portfolios,” Michelle Scrimgeour, Chair of the Working Group and LGIM’s outgoing CEO, said at the time. “It is vital the UK remains at the forefront of technological development.”

This is Legal and General’s second step into the crypto world. In 2019, the firm previously partnered with Amazon Web Services’ blockchain platform for annuity transactions. These transactions occur when a company takes over their clients’ existing benefit or final salary pension schemes.

The aforementioned BlackRock is the furthest ahead with its exploration of the RWA sector. It has a tokenized asset fund named BUIDL and plans to focus on RWA projects within crypto. The asset manager, with over $11 trillion in AUM, recently began conversations with crypto exchanges such as Binance, OKX, and Deribit to list its BUIDL token for derivatives trading.

Much work has been going on in the background, with much speculation on which RWA tokens BlackRock will add to its fund. Right now, the fund’s  smart contract holds 550,987,034.4 BUIDL tokens. BlackRock has stated that its price is fixed at $1 per BUIDL, meaning that this fund totals over $550 million in value.

According to recent reports, BlackRock and their issuance partner, Securitize, are in early talks with crypto exchanges, including Binance, Deribit, and OKX, to accept BUIDL as a margin for trading derivatives.

Ondo Finance (ONDO) is the second largest RWA project by market cap, at $1.1 billion. It is the only project currently in the BUIDL fund, and investors are keen to see which tokens will be next added.

Here’s a look into some interesting players within the RWA sector that could potentially become a part of BlackRock’s BUIDL fund:

Best RWA Crypto #1: Landshare (LAND) – Low Cap, Low Supply Super Gem

$LAND Is PUMPING

Soon, it will be above 4$, and then the next target is double digits.

Momentum is expected to grow with the rising RWA narrative and the upcoming Alts season.

Expect new CEX listings beyond Bitmart, boosting liquidity.

This can be the start of the… pic.twitter.com/5nu4lJSLT5

— Czai ₿ (@Its_Czai) May 27, 2024

Landshare (LAND) Price Trading volume in 24h Last 7d price movement has nearly four years of real estate tokenization to its name while still being a low-cap, low-supply RWA token built on the Binance Smart Chain. It looks set to ride the RWA wave as it enables retail investors to participate in crowdsourced real estate buys, renovations, and eventual sales.

LAND is currently one of the standout RWA projects on Binance Smart Chain. It offers token holders the opportunity to passively buy and hold shares in rental properties. This is an alluring proposition for decentralized passive income and real estate exposure. It comes without the traditional stresses or overheads of property management while being bolstered by 24/7 liquidity.

If BlackRock is looking for low-cap exposure for its BUIDL fund, Landshare may well be at the top of the list. With its experienced team having been ‘BUIDLING’ throughout the bear market, it wouldn’t be a surprise to see a Binance listing in the future due to the close ties between the exchange and its Layer-1 blockchain.

LAND is currently trading for around $1.35 per token and has a market cap of $5.2 million. Its all-time high came nearly three years ago when it briefly tapped $10.5. However, the token has shown huge strength in 2024, already rising to hit $6.

With the RWA sector set to skyrocket with BlackRock leading the charge, LAND offers a near 10x return just to see it back at already established heights in range. From that point, it would be entering price discovery, likely during the peak of the upcoming bull market, so potential price targets could easily reach into the triple-digits.

(COINGECKO)

Best RWA Crypto #2: Realio Network (RIO) – Tokenized Bonds And Real Estate

$RIO @realio_network $RIO is bouncing from its demand zone. Zooming out to the weekly can give greater clarity especially during times of FUD.

Price is at the support area home to the 2023 high, 2024 open & the run up in March. $RIO 's reaction to this area is so far positive.… pic.twitter.com/2w5YxpdOIK

— TurboBullCapital (@TurboBull21) October 21, 2024

Realio Network (RIO) Price Trading volume in 24h Last 7d price movement is a leading RWA project in the space right now. It offers an all-in-one RWA platform, and investors are excited about Realio’s upcoming 2.0 platform. Users can leverage exclusive real estate, private equity, and other real-world assets through its new and improved DeFi product.

RIO is currently trading for around $0.88, with a market cap of roughly $48 million. Impressively, RIO has processed over $12 million in daily volume over the past 24-hours, up 13.5% in the same period. This high trading volume, coupled with a spike in price, has many speculations that BlockRock could be behind some of the 8-figure volume as it begins to BUIDL out its RWA fund.

(COINGECKO)

Best RWA Crypto #3: XDC Network (XDC) – A Scalable Layer-1 Blockchain Offering RWA And More

✈️✈️ #XDC ‼👀 #RWA ✈️✈️ ️
✅Bitrue Exchange is renewing its first 24-hour trading volume. Something's happening. pic.twitter.com/IlUXj6FxZ1

— symmetry7 (@synergy0421) October 19, 2024

XDC Price Trading volume in 24h Last 7d price movement represents a less-risky RWA play as it is a fully established project with a market cap of over $400 million. It is already available on top-tier centralized exchanges (CEX) such as Bybit and KuCoin. Due to its CEX exposure, even though it is currently underperforming across multiple levels, XDC consistently processes trading volume in the ten million plus range.

The XDC Network is a secure, scalable Layer-1 (L1) blockchain network with a capacity of up to 2,000 transactions per second. It offers high-throughput and low-latency transactions. While it has a large portfolio of RWA dApps on its network, XDC is also home to NFTs, DeFi protocols, and multiple DEXs.

This is an all-in-one L1 that hedges exposure to multiple sectors rather than putting all of its eggs in one basket. XDC is currently trading at around $0.027 with just shy of $10 million in daily volume. The XDC Network truly captures the spirit of BlackRock’s BUIDL ethos, so it would not come as a surprise to see a connection between the two in the future.

(COINGECKO)

Conclusion on RWA Crypto: LAND and RIO Represent Huge Investor Opportunities

Whatever RWA projects end up in BlackRock’s BUIDL fund, one thing is for certain: This is an untapped sector that hasn’t yet experienced the might of a full bull market. A recent study by Tren Finance showed a graphic of multiple financial juggernauts’ predictions for the RWA market by 2030.

The biggest ‘bear’ case was from McKinsey & Company, at $2 trillion. The largest ‘bull’ case came from Standard Chartered at a staggering $30.1 trillion. To put this into context, the current total market cap of RWA projects, per CoinGecko, is listed at $8 billion.

In a best-case scenario, some of the world’s leading financial analysts predict the RWA sector could multiply by around 350 percent over the next six years.

(TREN FINANCE)

BONUS Project: Crypto All-Stars ($STARS) Hits $2.5 Million In Presale Funding Due To Its Revolutionary ‘MemeVault’ Technology

CRUISING!

We just raced right on past $2.5 Million. Do I see $3M on the horizon?! pic.twitter.com/JBmI9Fopb5

— Crypto All-Stars (@all_stars_coin) October 19, 2024

It seems as though Crypto All-Stars is no longer a hidden gem. Smart investors seem to have discovered this meme coin and are going crazy for it. Over $2.5 million has been raised in presale funding in less than two months.

The appetite for STARS is mainly due to MemeVault technology. It is an all-in-one staking platform for the biggest meme coins on the market. Finally, investors can stake the entirety of their meme coin portfolio all from a single decentralized platform.

Before Crypto All-Stars came along, coins such as DOGE, PEPE, WIF & SHIB represented speculative assets, offering no utility. With the introduction of the Meme Vault, users can now stake all of the above and more for juicy returns paid in STARS.

 

Moreover, the returns on staking meme coins will be multiplied for smart investors who already hold STARS in their wallets.

Also, there is a built-in staking protocol just for the presale. Anyone who secures a bag of STARS during the presale stage can begin instantly earning over 580% in rewards.

Be quick. There are less than 16 hours remaining before the next price stage increase. This will see STARS increase from its current price of $0.0015, meaning buyers at this level are already locking in profit against future increases.

VISIT CRYPTO ALL-STARS HERE

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