TechFlow news: Earlier this year, Goldman Sachs announced the official launch of its digital asset platform GS DAP, which has already helped the European Investment Bank (EIB) issue a €100 million two-year digital bond. MakerDAO has also shifted from a classical DeFi protocol toward the RWA (Real World Assets) direction. After raising the DAI Savings Rate (DSR) to 3.49%, ordinary users can now earn yields from U.S. Treasuries through a leading DeFi protocol. The amount of DAI in DSR surged from $106 million on June 19 to $253 million on July 11.
Gracy Chen, Managing Director at Bitget, said: "RWA (Real World Assets) is a high-growth sector over the long term. Its endogenous rationale stems from crypto users' implicit demand amid continuously declining on-chain DeFi yields, while the exogenous driver lies in traditional financial institutions increasing their involvement. As supporting products mature, they will catalyze the development of the RWA sector. With explorations by leading projects like MakerDAO, a relatively clear business framework has gradually taken shape."
