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The initiative aims to integrate institutional capital into DeFi by tokenizing assets such as securities, bonds, and real estate, enhancing their liquidity and accessibility on blockchain platforms. Horizon’s focus on RWAs marks a strategic shift from Aave’s earlier institutional offering, Aave Arc, which debuted in 2022 with a broader compliance-focused approach. Potential products under Horizon include lending and borrowing platforms for tokenized RWAs, decentralized trading venues and blockchain-based investment funds. These tools could allow institutions to engage in DeFi activities like earning interest on assets or borrowing against them, mirroring Aave’s existing protocols while catering to institutional requirements. Regulatory compliance is a key pillar of the initiative. Horizon is expected to incorporate know-your-customer (KYC) and anti-money laundering (AML) mechanisms to align with institutional legal frameworks, addressing a longstanding barrier to large-scale DeFi adoption. The project’s emphasis on RWAs reflects a growing industry trend toward asset tokenization, which could democratize access to traditionally illiquid markets. By bridging these sectors, Aave seeks to attract institutional liquidity, potentially stabilizing and expanding the DeFi ecosystem. “I’m thrilled to share the launch of Horizon, an Aave Labs initiative focused on building institutional DeFi products,” Aave’s Director of Institutional & DeFi Business said. “It’s inevitable that all assets will be tokenized, and the global financial system will eventually run on blockchain rails.” However, challenges remain, including regulatory uncertainties, jurisdictional legal complexities and institutional risk aversion. Security concerns and the technical demands of integrating compliance features into decentralized systems may also pose hurdles. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

‘Opaque’ Crypto Political Contributions Erode Trust, Says Center for Political Accountability The Center for Political Accountability is sounding the alarm on the secretive and unaccountable political contributions made by cryptocurrency firms, particularly Coinbase and Ripple Labs. Legal and Financial Risks The Center for Political Accountability (CPA) has stated that the “opaque and unaccountable political contributions” by crypto firms erode investor confidence and public trust in the long-term viability of these companies. The Washington-based nonprofit organization asserts that such contributions, particularly those from industry giants Coinbase and Ripple Labs, carry “significant reputational, legal, and financial risks.” In its recently published report, the CPA urges investors and stakeholders to consider whether donations from crypto firms like Coinbase “align with responsible corporate .

I used to pray for times like this.

Ripple's XRP is making significant strides in the crypto market, securing regulatory approval in the UAE and attracting institutional interest with a spot ETF filing by Franklin Templeton . These strategic developments mark a turning point for XRP , enhancing its global presence and investment appeal. Ripple has received official approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payment services within the Dubai International Financial Centre (DIFC). This makes Ripple the first blockchain-enabled payment provider licensed by the DFSA, reinforcing its role in advancing crypto adoption in the region. This regulatory milestone enables Ripple to offer its global blockchain-based payment solutions across the UAE. By addressing inefficiencies in traditional cross-border transactions—such as high fees, prolonged settlement times, and limited transparency—Ripple is set to enhance its presence in the Middle East. Notably, the region already accounts for 20% of Ripple's global customer base. Brad Garlinghouse, Ripple’s CEO, emphasized that the UAE's forward-thinking approach to tech and crypto innovation positions it to benefit significantly from the evolving crypto landscape. This approval adds to Ripple's extensive list of regulatory achievements, including licenses from the Monetary Authority of Singapore, the New York Department of Financial Services, and the Central Bank of Ireland. In a parallel strategic move, Franklin Templeton, managing $1.5 trillion in assets, has filed for a spot XRP Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC) . The ETF, if approved, will be listed on the Cboe BZX Exchange, providing investors direct exposure to XRP by tracking its spot price. Coinbase Custody Trust Company, LLC, is set to act as the custodian for the fund’s XRP holdings, ensuring security and compliance. This ETF structure will enable institutional and retail investors to gain exposure to XRP without the complexities of directly purchasing and storing the cryptocurrency. Franklin Templeton's entry into the XRP ETF space aligns with the growing trend of traditional financial institutions expanding their crypto investment products. This move is complemented by similar ETF filings from industry leaders like Bitwise, 21Shares, Grayscale, and WisdomTree, signifying an increasing institutional interest in XRP and other altcoins. While the SEC's review process can extend up to 240 days, the increasing number of ETF filings reflects the shifting dynamics of crypto investments and the expanding interest in XRP as a mainstream digital asset.

Is the “Fat Protocol Thesis” – the long-held belief that blockchain infrastructure is more valuable than applications – finally dead? Arthur Cheong, CEO of DeFiance Capital, thinks so. He argues the once-popular investment principle has led to overvalued infrastructure projects and relatively undervalued applications that has stifled crypto investment beyond Bitcoin . The Fat Protocol Thesis claimed the primary value of blockchain technology lies in the underlying protocols, not the applications built on top. Cheong points out that successful applications today are reasonably valued at 5x to 15x price-to-revenue ratios, while blockchain infrastructure projects – many of which have seen minimal growth in recent years – boast massively inflated valuations, anywhere from 150x to 1000x price-to-revenue. “The speculative premium that once fueled the crypto infrastructure boom, he suggests, has finally collapsed,” he wrote on X. In other words, the market is waking up, and valuations are starting to make sense. Related: BLUR Token Holders Cry Foul as Price Tanks Despite Ecosystem Growth In 2021, Cheong himself supported the Fat Protocol Thesis, believing it was the dominant investment strategy. However, as the market matures, he now emphasizes real-world adoption. He points to once-hyped Layer 1 tokens like ADA, SOL, DOT, and AVAX. While they once had valuations exceeding $10 billion, many have struggled to sustain long-term growth. Back then, most of these projects raised funds at valuations below $100 million, making them attractive early bets for investors. But those days are likely gone. The “Fat Protocol Thesis” may have served its purpose in the early crypto days, but the market is rapidly evolving. Real value, Cheong argues, comes from actual utility, not just infrastructure promises. Applications that actually get used will naturally command higher multiples – that’s just how markets should work. This shift signals a major turning point in how crypto investments are structured. Related: Ledger Exposes Potential Security Flaw in Trezor Wallets Arthur’s comments reflect a growing sentiment in the market: investors are increasingly focused on utility and adoption rather than infrastructure hype. And for investors, this means a potential shift in where the real value lies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.