The market cap of real-world assets exceeds the mark of US$7.3 billion. However, this size is only the tip of the iceberg. McKinsey estimates US$2 trillion of tokenized RWAs by 2030 in the base case, while reports from Boston Consulting Group and 21Shares forecast more than US$10 trillion in tokenized assets by the end of this decade in their optimistic scenarios.
Sustaining such a high growth rate would require innovative growth engines to help navigate the complexities of first-time adoption. Pundi X, a solution already proven transformative for physical retail businesses with its innovative DePIN solutions, aims to cater to this burgeoning market by listing new tokens and creating use cases for tokenized RWAs.
Pundi X’s track record has generated significant traction and credibility in the crypto space. Registered as a money services business with FINTRA in Canada, the company has significantly advanced the universality of crypto, catering to its enormous growth potential. The Pundi X crypto point-of-sales device, XPOS, empowers blockchain developers, token holders, merchants, and consumers across the world to transact in digital currency at any physical store globally.
In recent years, Pundi X has enhanced its capabilities and consolidated its standing by integrating Binance Pay as the third-party crypto payment channel on XPOS. Additionally, it has made XPOS® APK compatible with SUNMI POS, Ingenico A8 and Verifone X990, expanded the XPOS® franchisees’ network, and arranged for liquidity provisioning for merchants and distributors, while also enhancing the XPOS® distributor and merchant portal.
The platform has also launched a 1 billion PURSE, the royalty token of Pundi X, ecosystem pool, with a significant portion earmarked for innovating real-world use cases. As a thought leadership exercise, Pundi X arranged a conversation titled ‘RWA: Tokenizing the Real World.’ This event featured key industry figures from innovative platforms like Peaq Network, RWA Inc., Ankr, and Cosmos HOSS, with Luiza Nogueira from Pundi also discussing the topic.
While Pundi X is definitely at the forefront of the RWA space in its vision, its operational strategies have placed it in a pioneering position in terms of functional aspects. For instance, it has made the transition of real-world assets smoother in the decentralized digital world by making it more usable with the physical infrastructure support that DePIN is known for. Let’s look at a use case to comprehend the phenomenon better!
Paxos has made it possible to digitally hold investment-grade physical gold through its PaxG solution. This digital token on the blockchain, backed by physical gold, enables the fractionalized ownership of gold, allowing one to hold one ounce of gold per token. To redeem these tokens, one can visit the SCOIN shop at the South African Gold Coin Exchange and exchange them for real gold or fiat currency of their choice. Transactions like these can be efficiently facilitated through an XPOS machine, known for its multiple cross-chain digital currency compatibility, and volatility-mitigated service.
It is just one of many examples of how Pundi X has made the introduction of real-world assets seamless and hassle-free. What further incentivizes such applications is $PURSE, the Pundi X reward token that rewards XPOS usage and increases $PUNDIX value through rewards, gamification (lucky draw/lottery), discount vouchers, and redemption for NFTs and other tokens. $PURSE is available on both BEP20 and ERC20 and can be sent from one chain to another.
The authors of the McKinsey report we cited at the very opening of our article believe that tapping into the real potential of RWAs would depend much on the infrastructure support the industry provides. To quote the authors, “As infrastructure players pivot away from proofs of concept to robust scaled solutions, many opportunities and challenges remain to reimagine how the future of financial services will work.”
Overall, Pundi X is playing a crucial role in reimagining the role of infrastructure. Its DePIN services emerge as an enabler to tap into the potential of billions of consumers who wait outside the decentralized world to get their hands on investment-grade tokenized assets of the real world.