RAAC, a decentralized lending and borrowing platform for real-world assets, announced a testnet launch with substantial gold investments and tokenization plans.
RAAC Testnet Launch
RAAC launched its testnet amid strong institutional demand, securing $235 million in gold at launch. These assets were reserved by one of the largest gold reserves in North America, enabling RAAC to explore the US rental property market and other sectors.
Asset Tokenization and Pretio DeFi
RAAC is developing protocols integrating gold-backed and real estate-backed tokens via Instruxi, a leading institutional tokenization provider. A key asset owner is Pretio DeFi Solutions, which secured a contract with the North Terrace Mining project in British Columbia for the tokenization of 1 million troy ounces of gold.
RAAC Ecosystem and Outlook
Tokenized gold reserves will be transformed into fractional digital assets and deposited into the Pretio Foundation DAO. This DAO treasury will manage a digital ecosystem leveraging on-chain liquidity and advanced DeFi protocols from RAAC. The ecosystem will operate via stablecoins initially backed by the gold reserves, expanding later to include other precious metals.
RAAC aims to develop its ecosystem by combining real asset tokenization with decentralized finance, offering investors innovative solutions. The platform provides a new approach to crypto services, ensuring stability and predictable income in a volatile financial sector.
