Introducing Provenance Blockchain: Bridging TradFi and DeFi with Real World Assets

Did you know that within the Cosmos network, there exists a hidden gem known as Provenance Blockchain? With a massive $8.1 billion in Total Value Locked (TVL), Provenance Blockchain holds the title of the second-largest chain in the crypto world by TVL. This powerful chain is not just another DeFi platform; it is connecting traditional finance (TradFi) and decentralized finance (DeFi) by incorporating Real World Assets (RWAs). So, what makes Provenance Blockchain so special, and why haven't you heard of it before? Let's uncover the answers.

RWAs: The Ignition of the Next Bull Market

As the narrative of Real World Assets gains momentum, it presents a compelling opportunity to drive the next bull market. Provenance Blockchain's focus on $16 trillion worth of real-world assets distinguishes it from platforms merely circulating "crypto native" liquidity. The potential of this approach seems like a more promising bet for the future.

Provenance Blockchain: A Hidden Gem

Provenance Blockchain remains one of the best-kept secrets within the Cosmos ecosystem. With a massive TVL of $8.1 billion, this behemoth could substantially amplify IBC volume, transactions, and TVL by orders of magnitude. Its emergence as a leader in the RWA space has the potential to ignite a major shift in the Cosmos network.

Target Audience: Institutions and Beyond

The relatively low visibility of Provenance Blockchain can be attributed to its initial focus on institutions and large investors in the TradFi space. However, this landscape is evolving, and TradFi and FinTech builders on Provenance Blockchain are starting to explore products and services for retail investors."

The Foundation itself isn't looking for retail investors at this stage but we do have builders who are planning products/services that will have that component. This shift comes with the challenge of adhering to regulations and compliance requirements such as KYC and KYB.

Dapps on Provenance: The Future of RWA

Provenance Blockchain currently hosts several dapps that thrive in TradFi but are yet to make their mark in DeFi. With its commitment to Cosmos, Provenance Blockchain is poised to become a playground for innovative applications targeting both TradFi and DeFi domains.

Public Mainnet and Private Zones

Creating a thriving ecosystem in both TradFi and DeFi requires an army of builders. Provenance Blockchain is actively seeking grantees who are building tools, products, services, or experiences that are core to the financial digital asset lifecycle on blockchain. Especially those who are focused on developer tooling that makes it easier, cheaper, or faster to build. This open call presents a golden opportunity for aspiring RWA builders to leave their mark on the future of finance. Builders on Provenance Blockchain can deploy on either the public mainnet or Private Zones. These zones share similarities with consumer chains on @cosmoshub, but with a permissioned layer that allows for customized rule sets. This flexibility empowers builders to create innovative solutions.

Following the Movement of RWAs on the Explorer

The Provenance Blockchain Explorer offers a fascinating view of RWAs with tangible value as they move within the Cosmos ecosystem. This visual representation provides insights into the movement of real-world assets and their impact on the network.

$HASH: The Powerhouse Utility Token

$HASH, the native utility token of Provenance Blockchain, serves as the driving force behind the network. It facilitates system rewards, governance participation, and transaction facilitation by paying fees. With a total supply of 100 billion, $HASH holds immense potential in shaping the ecosystem.

Tokenomics of $HASH: A Unique Landscape

The tokenomics of $HASH are designed to offer attractive features, such as zero total planned inflation and flexible staking requirements. This framework ensures a dynamic and vibrant ecosystem that encourages participation and growth.

The Road Ahead

Provenance Blockchain is a force to be reckoned with in the crypto space, bridging the worlds of TradFi and DeFi through the incorporation of Real World Assets. As it evolves and expands, the platform offers boundless opportunities for builders, investors, and users alike. Keep an eye on this dynamic and revolutionary player within the Cosmos ecosystem; its impact is set to reshape the future of finance.

1.https://explorer.provenance.io/dashboard

2.https://developer.provenance.io/docs/discover/hash/