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BTC $70,551.03 +2.49%
ETH $2,133.71 +2.43%
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SOL $81.67 -4.53%
TRX $0.2795 -0.47%
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BCH $479.84 +2.37%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9548 +3.28%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

mon

Report: Among 501 RWA income assets, only 34 have an on-chain scale exceeding 50 million USD, and 93% have not yet accessed DeFi

According to The Defiant, Electric Capital released a research report on Monday, reviewing 501 real-world yield assets and cross-referencing them with tokenized assets that currently have significant on-chain activity. The report shows that only 34 yield assets have an on-chain scale exceeding $50 million, primarily concentrated in U.S. Treasuries, private credit, corporate bonds, and non-U.S. sovereign bonds; the remaining 93% of yield sources are still blocked by seven categories of obstacles, covering legal structures, asset-backed security challenges, and the real integration challenges of commodities and computing infrastructure.The report points out that distribution channels are the main bottleneck: among 35 non-stablecoin on-chain yield RWAs, only 2 have more than 2,000 holders. Part of the reason is design limitations, such as BlackRock's BUIDL requiring a minimum investment of $5 million, but data shows that most tokenized assets still rely on a few large deployers and treasury managers. The top ten holders of BUIDL control 98% of its supply, with holders mainly being protocols like Ethena, Ondo, and Sky.Electric Capital believes that five factors will drive more assets on-chain: the growth of stablecoin scale and diversification of yield preferences, differentiated competition among protocols, treasury infrastructure absorbing duration risk, layered mechanisms expanding the buyer base, and leveraged cycles amplifying demand for collateral assets. The report also notes that Goldman Sachs expects AI infrastructure spending to exceed $50 billion by 2026, with GPU leasing, data center construction, and energy contracts expected to become emerging catalytic scenarios for on-chain financing.
2026-03-21

The procuratorial authorities in Hunan, China, have dismantled a new type of money laundering chain that used Moutai liquor transactions as a cover and virtual currency as a channel

Recently, a first-instance verdict was announced in a case of concealing and hiding criminal proceeds, which was prosecuted by the People's Procuratorate of Yuetang District, Xiangtan City, Hunan Province, China. A new type of money laundering chain, disguised as a Maotai liquor transaction and using virtual currency as a channel, was completely dismantled, involving an amount of over 6.84 million yuan, with all 8 defendants sentenced. The gang had clear divisions of labor and strong concealment.Chen connected with upstream sources through overseas encrypted communication software, received telecom fraud proceeds, and contacted "U merchants" to complete the exchange and circulation of virtual currency; Xie was responsible for providing tools for the crime and keeping track of financial details; Huang used Maotai liquor trading as a cover to disguise the trajectory of the transfer of criminal proceeds with real transaction shells; the remaining members assisted with fund settlement and information transmission. The gang used fake Maotai liquor transactions as the "cleaning" stage, disguising overseas fraud proceeds as legitimate business income, converting them into virtual currency to return to upstream, and taking an illegal commission of 8% for each "cleaning."In December 2023, with a report from a victim, this black and gray industrial chain hidden under the guise of liquor trading surfaced. After the incident, the People's Procuratorate of Yuetang District intervened in the investigation early, guiding the public security organs to sort through nearly 20 million yuan in fund flows and massive electronic data, achieving a full-chain crackdown and comprehensive evidence collection. The court ultimately sentenced Xie and 7 other principal and accomplice offenders to fixed-term imprisonment ranging from 2 to 6 years for the crime of concealing and hiding criminal proceeds; the relatively minor offender Liang was sentenced to 1 year in prison with 1 year of probation.
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