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SingularityDAO expands DeFi offerings with Cogito’s tokenized RWAs - BTC News

SingularityDAO expands DeFi offerings with Cogito’s tokenized RWAs

SingularityDAO expands DeFi offerings with Cogito’s tokenized RWAs SingularityDAO expands DeFi offerings with Cogito’s tokenized RWAs Marko Marjanovic Cryptocurrency Sep 18, 2024

SingularityDAO, a decentralized portfolio management protocol, has partnered up with Cogito Finance to integrate Real World Assets (RWAs) into its upcoming AI-powered DynaVaults v2, according to the most current information shared with Finbold on Wednesday, September 18.

The collaboration seeks to merge decentralized finance (DeFi) with traditional finance (TradFi) by developing innovative, compliant on-chain financial products.

Mario Casiraghi, Co-founder of SingularityDAO and Executive at the Artificial Superintelligence Alliance, commented on the integration, stating: 

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“The integration of Cogito Finance extends SingularityDAO’s goal of provisioning access to open finance. As TradFi and DeFi converge, the missions of SingularityDAO and Cogito align synergistically. Cogito’s innovative RWA framework plays a crucial role in this. By integrating our products, we can deliver a more holistic proposition to end users, marking a significant leap forward in the financialization of Web 3.0 for the benefit of all, as well as the broader ASI ecosystem.”

The untapped potential for RWAs

RWA tokenization is emerging as a major trend in DeFi, with many industry experts believing the full potential of tokenized RWAs remains unexplored.

Cogito Finance’s tokenized RWAs are minted as ERC-20 tokens on Ethereum (Optimism, Arbitrum, Base, and Polygon) and backed 1:1 by underlying assets. 

While transactions like daily Net Asset Value (NAV) are carried out off-chain, they are recorded on the blockchain, allowing investors to monitor their portfolio value in real time.

By incorporating Cogito’s offerings, SingularityDAO will have broader access to tokenized RWAs and be able to secure digital management solutions better. 

New low- to medium-risk investment options

Cogito’s TFUND, a tokenized US Treasury Bill, offers a low-risk investment option with high liquidity and short-term maturities ranging from 0–3 months. 

Cogito also provides GFUND, a medium-risk green bond investment supporting ESG projects, and XFUND, which focuses on high-growth sectors like artificial intelligence (AI).

SingularityDAO’s AI-enabled asset management solutions, together with Cogito’s tokenized assets, will create vaults that offer DeFi users new ways to access yields derived from TradFi assets. 

Cloris Chen, CEO of Cogito Finance, noted that SingularityDAO’s advanced AI and machine learning systems underpin its portfolio management vaults, delivering advanced yield sourcing while managing credit and counterparty risks. 

The integration of regulated on-chain vaults offers higher yields from RWAs, enhancing accessibility, security, and compliance for investors. 

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