In a groundbreaking partnership, Polytrade Finance, the leading Web3 protocol specialized in real-world assets (RWAs), and Horizen EON, the EVM-compatible smart contract platform, join forces to usher in a new era of decentralized finance (DeFi). chime. The collaboration aims to enable the seamless trading, fractionation and exchange of a wide range of real-world assets within the Horizen Ecosystem.
Polytrade, recognized as the first global marketplace to focus exclusively on tokenized real-world assets, will leverage its innovative platform to meet the growing demand for RWAs. The Polytrade Marketplace will enable Asset Originators to tokenize a broad spectrum of assets, including trade finance, collectibles, real estate and structured credit. This move is expected to free up additional liquidity while significantly reducing costs for participants.
Shaping the future of decentralized finance
One of the key features of the Polytrade Marketplace is its support for a variety of tokenized capabilities. Asset buyers will have access to a wide range of investment options, including trade finance, real estate, car loans and collectibles. This democratization of access is poised to redefine the asset trading and investment landscape, making it more inclusive and accessible to a global audience.
The partnership between Polytrade and Horizen EON holds enormous promise for the broader blockchain ecosystem. With native support for RWAs on the Horizen platform, the Polytrade Marketplace will integrate seamlessly with Horizen EON, giving users a streamlined experience for tokenized asset transactions. Additionally, Polytrade’s multichain support will extend to other Web3 ecosystems including Polygon, Solana and BNB, providing additional liquidity sources for users engaged in RWAs.
Jordan Calinoff, Vice President of Strategy & Revenue at Horizen Labs, expressed his excitement about the partnership, saying: “We are excited to partner with Polytrade to launch the RWA activation on Horizen EON. This collaboration is fueled by a shared passion for bringing real-word assets on-chain amid an ever-evolving landscape. Joining forces with the Polytrade team will activate the building blocks for RWAs in the Horizen ecosystem and beyond.”
Polytrade’s RWA marketplace relies on the ERC-6960 standard to improve the entire asset lifecycle, from discovery and consideration to investment, trading, fractionation and leverage. Users can use Polytrade as a unified gateway to a global range of tokenized opportunities, creating a more efficient and user-friendly experience for participants.
Horizen EON, as an EVM-compatible smart contract platform, represents the first in a series of smart contract sidechains within the Horizen ecosystem. This innovative platform allows developers to build and deploy decentralized applications (dApps) on Horizen while taking advantage of EVM compatibility. With an emphasis on scalability and user experience, Horizen EON is built on Horizen’s powerful horizontally scalable protocol, Zendoo.
The collaboration between Polytrade Finance and Horizen EON marks an important milestone in the evolution of decentralized finance. As these two pioneering entities combine their expertise, the integration of real-world assets into the blockchain will become more accessible, efficient and globally impactful. The Polytrade Marketplace on Horizen EON is poised to redefine the way we perceive and interact with tokenized assets, opening new possibilities for investors and asset originators alike.