Multipli
About
  • MULTIPLI OVERVIEW
    • Democratising Yield on Tokenised Assets
    • Stables vs Native : An overview
      • Bitcoin as an Example
    • The Bigger Picture : Real World Asset Yields
    • What this means for Crypto?
    • Challenges and Solutions
    • Multipli Roadmap
  • YIELD EXPLANATION
    • Execution for Stables
      • What is Contango?
      • What is Funding Rate?
      • Contango vs Funding Rate
    • Execution for Non-Stables
    • Details for Users
    • Understanding Yield through Examples
  • TECHNICAL OVERVIEW
    • High Level Overview
    • Admin Flow and Setup
    • User Onboarding
    • Ride Execution
    • User Off-boarding
    • Self Custody
  • ANALYSIS
    • Scenario Analysis
    • Historical Examples
    • Peer Comparison
  • USER GUIDE
    • FAQs
      • Yield Cycle Update
    • Testnet Guides
      • Claim your free 100 USDC on Multipli testnet
    • Mainnet Guides
      • Make yield on Multipli
  • RISKS
    • Exchange Failure Risk
    • Custody Risk
    • Funding Fee Risk
    • Audit Reports
  • Company
    • Brand
  • LEGAL
    • Terms of Use
    • Privacy Policy
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  1. MULTIPLI OVERVIEW

Democratising Yield on Tokenised Assets

Unlocking reliable and lucrative yields on native assets like $BTC, $XAUt, and $BNB represents one of the most significant opportunities in the crypto industry, tapping into a trillion-dollar market.

NextStables vs Native : An overview

Last updated 1 year ago

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  • Native Coin Economy
  • Impact of yield bearing RWAs

Native Coin Economy

The crypto native asset economy, encompassing major tokens like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), etc, has exploded in recent years. As of today, the total market capitalisation of all cryptocurrencies sits at around $2.7 trillion. A significant portion of this value is attributed to native assets like the aforementioned. While the exact figure fluctuates, estimates suggest that native assets make up around 70% of the total market cap, translating to a crypto native asset economy potentially exceeding $1.89 trillion.

Crypto Marketcap Source: Coinmarketcap

Further fueling this growth, recent developments like BlackRock's foray into real-world asset tokenisation with its trillion dollar fund and the approval of cryptocurrency ETFs could significantly increase investor participation and drive the market capitalisation even higher. These institutional entries signal growing confidence in the space and offer new avenues for capital to flow into crypto native assets. BlackRock's significant investment, coupled with the potential influx from ETFs, suggests the potential for the crypto native asset economy to reach even 10x - 20x greater heights in the near future.

Impact of yield bearing RWAs

Real World Assets (RWA) in crypto refers to the tokenisation of tangible assets that exist in the physical world, that are brought on chain.

Research from BCG, McKinsey, Roland Berger and Bain & Company all suggest that the asset tokenisation sector has the potential to reach anywhere between USD 4-16 trillion in the coming years, but some analysts believe this is only a conservative estimate. This is due to the sheer size of traditional markets; if the tokenization sector captures just a small fraction of its market share, we are looking at potential numbers that go beyond the crypto market’s USD 2.5 trillion market cap.

Tokenized treasury product market caps Source: Dune, 21shares

With the rise of Real World Assets (RWAs) becoming mainstream, it's only a matter of time before traditional assets are traded on-chain. Multipli is set to pioneer this transformation, not only by offering reliable yields on treasury-backed tokens but also by unlocking yield opportunities for traditionally non-yield-bearing assets like stocks and commodities. This not only provides yield bearing opportunities to the digital asset ecosystem but also acts as a reason to bringing more liquidity on-chain.