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In a groundbreaking partnership, Polytrade Finance, the leading Web3 protocol specializing in real-world assets (RWAs), and Horizen EON, the EVM-compatible smart contracting platform, are joining forces to usher in a new era of decentralized finance (DeFi). The collaboration aims to enable the seamless trading, fractionalization, and exchange of a diverse array of real-world assets within the Horizen Ecosystem.
Polytrade, recognized as the first global marketplace exclusively dedicated to tokenized real-world assets, is set to leverage its innovative platform to address the growing demand for RWAs. The Polytrade Marketplace will empower Asset Originators to tokenize a wide spectrum of assets, including trade finance, collectibles, real estate, and structured credit. This move is expected to unlock additional liquidity while significantly reducing costs for participants.
Shaping the Future of Decentralized Finance
One of the key features of the Polytrade Marketplace is its support for a variety of tokenized opportunities. Asset buyers will have access to a broad range of investment options, including trade finance, real estate, car loans, and collectibles. This democratization of access is poised to redefine the landscape of asset trading and investment, making it more inclusive and accessible to a global audience.
The collaboration between Polytrade and Horizen EON holds immense promise for the broader blockchain ecosystem. With native support for RWAs on the Horizen platform, the Polytrade Marketplace will seamlessly integrate with Horizen EON, offering users a streamlined experience for tokenized asset transactions. Furthermore, Polytrade’s multichain support will extend to other Web3 ecosystems, including Polygon, Solana, BNB, providing additional liquidity sources for users engaging with RWAs.
Jordan Calinoff, Vice President of Strategy & Revenue at Horizen Labs, expressed enthusiasm about the collaboration, stating, “We are thrilled to be kickstarting the RWA activation on Horizen EON with Polytrade. This collaboration is fueled by a shared passion for bringing real-word assets onchain amidst an ever-evolving landscape. Joining forces with the Polytrade team will activate the building blocks for RWAs in the Horizen ecosystem and beyond.”
Polytrade’s RWA marketplace relies on the ERC-6960 standard to enhance the entire life cycle of assets, from discovery and consideration to investment, trade, fractionalization, and leverage. Users can utilize Polytrade as a unified gateway to a global array of tokenized opportunities, creating a more efficient and user-friendly experience for participants.
Horizen EON, as an EVM-compatible smart contracting platform, represents the first in a series of smart contract sidechains within the Horizen ecosystem. This innovative platform allows developers to build and deploy decentralized applications (dApps) on Horizen while benefiting from EVM compatibility. With a focus on scalability and user experience, Horizen EON is built on Horizen’s powerful horizontally scaling protocol, Zendoo.
The collaboration between Polytrade Finance and Horizen EON marks a significant milestone in the evolution of decentralized finance. As these two pioneering entities combine their expertise, the integration of real-world assets into the blockchain is set to become more accessible, efficient, and globally impactful. The Polytrade Marketplace on Horizen EON is poised to redefine the way we perceive and engage with tokenized assets, opening up new possibilities for investors and asset originators alike.