1inch Integrates Robinhood Chain At Launch, Expanding Liquidity Access For Tokenized Assets
1inch, a decentralized finance (DeFi) ecosystem, has introduced the combination of Robinhood Chain, the newly launched blockchain developed by Robinhood for tokenized real-world belongings (RWAs). The integration positions 1inch as one of many first main swap and routing ecosystems to help the community following its launch.
According to the announcement, Robinhood Chain’s testnet has processed greater than $2 billion in RWA switch quantity, underscoring rising demand for infrastructure able to supporting tokenized asset markets at scale. Through the combination, 1inch is anticipated to allow swaps of Robinhood’s Stock Tokens and exchange-traded merchandise (ETPs) through its decentralized utility (dApp), Wallet, and Swap API from the primary day of the community’s launch.
Infrastructure Designed to Support Tokenized Asset Trading
The preliminary section of the combination contains help for a particular vary of tokenized belongings, the onboarding of related liquidity sources, and pricing information backed by Bitstamp. The integration additionally contains backend infrastructure for pricing, gasoline estimation, steadiness monitoring, compliance checks, and transaction gateway companies. In addition, help for each Classic Swap and Fusion is deliberate, with the mixed infrastructure supposed to facilitate buying and selling of tokenized real-world belongings on Robinhood Chain at launch.
The announcement famous that liquidity for tokenized real-world belongings could also be distributed throughout a number of issuers, buying and selling venues, and market contributors. The routing infrastructure is designed to enhance entry to out there liquidity whereas supporting intent-based execution the place relevant. This method is meant to simplify commerce execution and scale back the necessity for customers to manually determine optimum buying and selling routes.
“Robinhood Chain brings tokenized real-world belongings on-chain. Our function is to supply the infrastructure that makes them liquid and tradable,” stated Sergej Kunz, co-founder of 1inch in a written assertion. “As one of many largest US retail crypto platforms enters the RWA market, environment friendly routing, deep liquidity and dependable execution turn out to be more and more vital. That’s what 1inch has spent years constructing,” he added.
“Robinhood Chain is designed to make digital belongings typically, and tokenized RWAs particularly, extra accessible, interoperable, and helpful throughout the onchain ecosystem,” stated Gaëtan Thabot, Director of Partnerships at Robinhood Crypto in a written assertion. “Integrations with infrastructure suppliers like 1inch assist increase the methods eligible customers and builders can entry liquidity throughout tokenized belongings on Robinhood Chain,” he added.
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