10 Different Types of Cryptocurrencies In 2024 – Crypto News – Crypto News
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10 Different Types of Cryptocurrencies In 2024 – Crypto News

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Real-world assets (RWAs) are types of crypto based on blockchain technology that stand in for conventional and tangible financial assets, including cash, commodities, stocks, bonds, credit, artwork, and intellectual property. The ability to access, trade, and manage RWAs has changed significantly with their tokenization. This has opened up new possibilities for blockchain-powered financial services and a broad range of non-financial use cases supported by decentralized consensus and cryptography.

Tokenizing real-world assets involves representing an asset’s ownership rights as an on-chain token. Unlike traditional assets, tokenized assets have more liquidity and accessibility. Tokenizing RWAs for financial assets also creates a single layer that handles distribution, trading, clearing, settlement, and safekeeping, making a better-performing on-chain financial system with lower counterparty risk and more effective capital mobilization.

Ondo (ONDO), Mantra (OM), XDC Network (XDC), and Pendle (PENDLE) are top examples of RWA cryptocurrency types.

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