WOO X, a leading crypto trading platform, has introduced an enhanced version of its Real-World Asset (RWA) Flexible Term Vaults in partnership with OpenTrade, leveraging the Avalanche Layer 1 (L1) blockchain.
The upgrade, which integrates Avalanche’s innovative Layer 1 (L1) blockchain, is expected to improve liquidity and reduce transaction costs for WOO X users. It also introduces features like instant redemption and daily compounding, addressing the growing demand for flexible and stable investment solutions.
Notably, the integration allows WOO X to offer tokenized real-world assets like U.S. Treasury Bills.
In the platform’s official announcement, Willy Chuang, COO of WOO X, highlighted that the new vault on Avalanche significantly enhances liquidity while lowering transaction costs. He noted the platform’s strategic positioning in the rapidly expanding market for tokenized real-world assets.
David Sutter, CEO of OpenTrade, emphasized that this partnership offers seamless access to low-risk, high-yield opportunities, backed by RWAs such as U.S. Treasury Bills, showcasing the utility of blockchain-based RWA solutions.
Eric Kang, Business Development Manager at Avalanche, added that this integration reflects Avalanche’s commitment to empowering users with efficient financial products at reduced costs.
WOOX’s move aligns with the broader trend of traditional finance entering the crypto space, as tokenized RWAs are expected to reach a market value of $16.1 trillion by 2030. Xalts, a financial technology firm, recently launched its own RWA tokenization platform, RWA Cloud, on the Polygon blockchain. This platform aims to address common challenges in blockchain adoption, such as managing complex rules and workflows.
To celebrate the launch, WOO X, OpenTrade, and Avalanche have rolled out a campaign offering boosted yields of approximately 13.75% APR on RWA subscription products. This promotion will run from October 21, 2024, through January 19, 2025, providing users with a secure and convenient way to earn higher returns.
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