- Scalable solutions: Both platforms provide infrastructure that scales as user bases grow.
- Enhanced RWA tokenization: RACE’s ATB Layer simplifies the process of digitizing and tokenizing assets, such as real estate and trade finance, turning them into tradable financial instruments.
QuickNode and RACE announced recently, a partnership designed to facilitate the tokenization of real-world assets (RWAs). By combining RACE's advanced blockchain technologies with QuickNode’s scalable infrastructure, this collaboration aims to streamline the process for developers seeking to build decentralized applications (dApps).
Strategic Partnership Announcement
On September 4, QuickNode and RACE revealed their strategic alliance to the public, with the goal of making RWA tokenization both more efficient and accessible to developers. The partnership leverages RACE’s sophisticated blockchain capabilities alongside QuickNode’s robust infrastructure, enabling developers to expedite the building, deployment, and scaling of dApps.
Growth Potential of Tokenization
The tokenization market is approaching significant expansion. Reports by the Global Financial Markets Association and Boston Consulting Group highlight a potential surge in the global value of tokenized illiquid assets, projecting it to reach $16 trillion by 2030. This presents substantial opportunities for developers and investors, as financial systems continue to digitize and decentralize.
RACE’s Technological Framework
RACE distinguishes itself as the first comprehensive modular blockchain dedicated to RWA tokenization. Utilizing the Optimism OP Stack as part of the Optimism Superchain, RACE provides an optimal platform for digitizing and trading varied assets, such as real estate and trade finance. The Asset-to-Blockchain (ATB) Layer in RACE simplifies the digital conversion and tokenization of physical assets, converting them into tradable instruments. It also features a Decentralized Investment Committee (DIC) that ensures rigorous standards for viability and compliance in asset tokenization.
Key RACE Features:
Rapid Transaction Finality: Transactions are confirmed nearly instantaneously, improving settlement times.
Reduced Fees: Costs are substantially lower compared to Ethereum’s mainnet.
Improved Interoperability and Liquidity: Facilitates seamless trading across asset classes, enhancing market liquidity.
Strict Compliance Standards: Ensures tokenized assets meet regulatory standards, fostering investor confidence.
QuickNode’s Contribution to RACE Development
QuickNode enhances the RACE development process by improving time-to-market for dApps. Its reliable infrastructure allows developers to bring applications to market quickly, gaining a competitive edge. Additionally, it simplifies the management of RACE endpoints, allowing developers to concentrate on innovation rather than infrastructure.
QuickNode's Benefits:
Performance and Reliability: Access to high-speed, low-latency connections with the RACE network assures robust dApp performance.
Scalability: Handles growing user bases with ease, thanks to adaptable infrastructure.
User-Friendly Features: Facilitates easy setup and provides comprehensive documentation, along with a suite of Web3 development tools.
Cost-Effective and Practical Solutions
QuickNode offers a range of flexible pricing plans to accommodate various project needs, including a complimentary plan option for newcomers.
Applications and Prospects:
- Tokenization platforms applicable to diverse asset classes.
- Creation of DeFi protocols leveraging RWAs.
- Cross-chain trading and management capabilities.
The alliance between RACE and QuickNode establishes a framework for future developments in the tokenization of real-world assets, providing essential tools for developers to innovate and implement new applications in the blockchain ecosystem.
