Tokenized real-world assets on Stellar surpassed $3 billion in July 2024, up from $785 million in January, according to a report by RedStone. This growth was driven by four major products: the Amundi and Spiko Overnight Swap Fund ($713 million), Spiko’s T-Bill fund ($536 million), Ondo’s USDY ($533 million) and VuMe Bond 2030 ($500 million). Stellar’s DeFi market remains underdeveloped with only $213 million in total value locked and just over $2 million in lending pools accepting these assets as collateral. RedStone provides 24/7 price feeds to enable the use of these tokenized assets as collateral. XLM trades at $0.1835 with a market capitalization of $6.36 billion.
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