ONEFi: Revolutionizing Finance through RWA Tokenization and Web3 Integration
ONEFi is emerging as a groundbreaking platform in the world of decentralized finance, aiming to bridge the gap between traditional finance (TradFi) and Web3 technologies. Set to launch in Q4 2024, ONEFi presents itself as an all-in-one Web3 wallet and RWA protocol, incorporating AI-powered wealth advisory services.
At the core of ONEFi’s innovation is its approach to Real-World Asset (RWA) tokenization. The platform collaborates with international financial institutions to tokenize loan agreements secured by pledged assets, including prime real estate, pre-IPO shares, and commodities. This process unlocks liquidity in the primary market, allowing asset owners to access capital without selling their assets outright.
ONEFi’s system is designed to offer higher returns while maintaining security through RWA backing. Lenders on the platform can earn up to 20% APY interest, distributed daily on-chain by local money lenders. This approach not only provides attractive returns for investors but also creates new opportunities for borrowers who might not qualify for traditional loans.
A key feature of ONEFi’s platform is its focus on security and risk management. The company employs off-chain lawyer firms as custodians to hold interest payments and pledged assets locally. In the event of a default, RWA token holders are notified and can vote on liquidation or a loan-to-own protocol, with dedicated law firms executing the voting results based on the loan agreement.
To enhance its capabilities and expand its reach in the Web3 ecosystem, ONEFi has formed a strategic partnership with CanvasLand Technology. CanvasLand, a tech studio specializing in blockchain-based solutions for asset tokenization and management, brings valuable expertise to the collaboration.
This partnership aims to leverage OriginTrail’s Decentralized Knowledge Graph (DKG) to tokenize knowledge assets related to traditional finance. By integrating these tokenized assets into the OriginTrail DKG, ONEFi and CanvasLand are creating a verifiable, traceable, and immutable foundation for Web3 financial applications.
The collaboration extends to the development of a Decentralized AI Agent, utilizing decentralized Retrieval-Augmented Generation (RAG) capabilities. This AI agent will be able to query the verifiable on-chain knowledge stored in the DKG, providing accurate and up-to-date information about tokenized TradFi assets and processes.
ONEFi’s platform also includes a financial marketplace where products are linked to global financial institutions. Users are segmented based on their financial status, net worth, risk preference, and goals.
The tokenization of real-world assets on ONEFi’s platform opens up new possibilities for decentralized lending. By bringing loans on-chain, individuals and businesses from around the world can participate in lending and borrowing, promoting financial inclusion and global economic growth. This approach aligns with the broader trend in DeFi, where protocols are built on blockchain networks to allow individuals to lend and borrow digital assets without intermediaries.
As the platform prepares for its launch, it stands poised to offer a unique solution that addresses the challenges of accessing liquidity in the global financial market while leveraging the benefits of blockchain technology and artificial intelligence. ONEFi’s approach to RWA tokenization and decentralized finance could well be a glimpse into the future of global finance, where traditional assets seamlessly integrate with cutting-edge Web3 technologies.