Polytrade Finance recently shared on X that their still-in-beta Marketplace has generated $910,590 in total volume and $10,310 in total fees. The company also announced the successful completion of its first $TRADE buyback, funded entirely by these fees.
This news comes after the platform announced its integration with Base, a leading Ethereum Layer 2 network built by Coinbase. The company highlighted that Base is a rapidly growing platform for Real-World Assets (RWAs) and that this partnership will enable Polytrade to offer its RWA marketplace on the network.
By leveraging Base’s infrastructure, Polytrade aims to enhance speed, security, scalability, and access to a wider range of on-chain assets for its RWA marketplace.
On July 28, Polytrade announced the launch of the first liquid market for biochar credits on Base, in partnership with Toucan Protocol. Toucan Protocol’s digital infrastructure for transparently expanding the voluntary carbon market aligned with Polytrade’s focus on real-world impact.
Additionally, Polytrade revealed that the USDz, an RWA-backed stablecoin, would soon be available on its marketplace. Powered by Anzen Finance, USDz offers consistent fixed-income yields backed by institutional-grade private credit assets on Base. The stablecoin maintains a 1:1 backing with on-chain RWA collateral.
Currently, Polytrade is collaborating with nine RWA protocols to expand the RWA ecosystem on the Base L2 network. These include Centrifuge, Clearpool, Maple, Dinari, Nayms, Teller, Anzen, Toucan, and Mountain Protocol. Polytrade.
What does Polytrade Finance do?
Polytrade is a platform that bridges the gap between traditional finance and the world of cryptocurrencies. Specializing in tokenizing real-world assets (RWAs), it is the only marketplace that aggregates these assets, converting physical or financial assets into digital tokens on a blockchain. This process allows for fractional ownership, increased liquidity, and global accessibility to a wider range of investment opportunities.
Polytrade’s marketplace offers a diverse selection of tokenized assets, from real estate and art to collectibles and private credit, catering to both individual investors and institutional clients. By partnering with major players in the industry, Polytrade is at the forefront of revolutionizing the way we invest and trade real-world assets.
The platform operates on multiple blockchains, including Ethereum, Binance Smart Chain, Solana, Polygon, Arbitrum, and others like Plume, Kinto, Horizon, EON, Manta, Lisk, Redbelly, and Base. This multi-chain approach ensures flexibility, security, and a broad reach for its users.
In the latest quarter, Polytrade achieved significant milestones by going live on 10 chains and onboarding 20 new partners. These accomplishments demonstrate Polytrade’s commitment to expanding its ecosystem and enhancing its offerings for investors globally.
