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Build and operate a regulatory-compliant platform to trade real-world assets (RWA). Currently, there is no such platform available on Cardano.
This is the total amount allocated to Genius Yield | Regulatory-compliant RWA swaps. 0 out of 6 milestones are completed.
1/6
Legal Framework Development
Cost: ₳ 35,555
Delivery: Month 1 - Sep 2024
2/6
Real World Asset Verification
Cost: ₳ 35,555
Delivery: Month 2 - Oct 2024
3/6
Digital onboarding Pipeline Application
Cost: ₳ 138,667
Delivery: Month 5 - Jan 2025
4/6
RWA token issuance, restrictions and transfer
Cost: ₳ 35,555
Delivery: Month 7 - Mar 2025
5/6
RWA token income distribution
Cost: ₳ 35,555
Delivery: Month 10 - Jun 2025
6/6
RWA Swap Application
Cost: ₳ 181,335
Delivery: Month 11 - Jul 2025
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
An extension of the Genius Yield Platform adding swap features of RWAs in a regulatory-compliant way.
No dependencies.
Selected elements of the Genius Yield DEX have been already open-sourced.
For more information, head to https://www.geniusyield.co/ , "Resources" tab.
The RWA tokens serve various functions, such as representing ownership, enabling governance voting, and participating in revenue sharing.
The goal is to create a legally compliant framework that fits regional asset ownership rules. This allows tangible assets to be represented by blockchain-based assets.
To ensure the legitimacy of real-world assets in the digital ecosystem, a strong authentication and verification mechanisms will be established.
Additionally, we'll build a digital infrastructure to tokenize tangible assets. Smart contracts will be used to manage income distribution efficiently.
We plan to adapt existing Genius Yield swap mechanisms and incentive structures to facilitate easy trading of RWA tokens and provide rewards based on income.
A key part of this effort is developing governance mechanisms tailored for managing real-world assets. This will ensure compliance with regulations and promote transparent asset governance.
The project is positioned to have several positive impacts on the broader Cardano community. By tokenizing real-world assets (RWAs), it aims to broaden the range of assets available within the Cardano ecosystem, fostering diversity and accessibility for investors. This expansion enables investors to diversify their portfolios with assets that were traditionally inaccessible or illiquid.
The project plays a crucial role in legitimizing Cardano as a robust and versatile blockchain. It serves as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), firmly anchoring Cardano into real-world processes and entities. By facilitating the representation of tangible assets on the blockchain, Cardano demonstrates its capacity to provide a secure and transparent environment for asset ownership and management. This validation is pivotal for attracting institutional investors and enterprises, who typically seek stability and compliance with regulatory frameworks.
The project's development of smart contracts tailored to automate asset income distribution, along with modifications to existing swap and reward systems, expands the utility of Cardano's infrastructure. This, in turn, attracts a broader array of users and developers to the platform, driving innovation and economic growth. By bridging the gap between TradFi and DeFi, Cardano positions itself as a key player in the evolution of financial systems.
Ultimately, by legitimizing Cardano through the integration of real-world assets and bridging the gap between TradFi and DeFi, the project contributes to the platform's long-term sustainability and relevance in the evolving landscape of global finance. It solidifies Cardano's position as a viable infrastructure for building real-world applications and underscores its potential to revolutionize how assets are owned, managed, and exchanged in the digital age.
Genius Yield is well poised to advance in the development of Real World Asset (RWA) applications. Genius Yield has demonstrated proficiency in creating applications and systems for token issuance, trading, and dispensing diverse rewards, which form a significant component of RWA requirements.
Further enhancement of these systems is necessary, alongside the incorporation of legal frameworks, verification protocols, and a digital pipeline infrastructure to facilitate clients in the digitization of real-world asset ownership.
Legal Framework Development
Time required: 2 months
Dependencies: None
Key results: Establish the legal framework based on regional asset ownership requirements to enable representation of real-world assets as on-chain assets with specific token rights. This milestone involves digitisation of the necessary documentation, process and custody rights. With the outcome of generalised modular contracts per:
Real World Asset Verification and Evaluation
Time required: 2 months
Dependencies: None
Key results: Develop a robust process and integrations required to verify the legitimacy of real-world assets to be tokenized. This involves creating systems to perform due diligence relating to: audits, verification of ownership rights and evaluation.
Digital Pipeline
Time required: 4 months
Dependencies: Legal Framework Development & Real World Asset Verification and Evaluation
Key results: Build a digital pipeline infrastructure to tokenize real-world assets efficiently and onboard asset owners and perform KYC. Providing options to asset owners and eliciting the required inputs established by the legal framework in milestone 1. Inputs will also will be forwarded to the asset verification and evaluation systems before proceeding with tokenization.
RWA token issuance, restrictions and transfer
Time required: 2 months
Dependencies: None
Key results: Create and deploy smart contracts to control RWA ownership, token minting, token burning and transfer in a regulatory compliant manner. These smart contracts should be designed to limit RWA transactions in a regulatory compliant manner.
RWA token income distribution
Time required: 2 months
Dependencies: Legal Framework Development
Key results: Create and deploy smart contracts to manage asset income distribution. These smart contracts should be designed to accurately distribute revenue shares, and ownership benefits to token holders based on predefined rules and conditions.
RWA Swap Application
Time required: 4 months
Dependencies: Smart contract development & Legal framework
Key results: Modify existing Genius Yield swap and reward systems to facilitate trading of RWA tokens and distribute income rewards. This involves integrating the RWA token ecosystem with existing decentralized finance (DeFi) platforms and reward mechanisms. Implementation of KYC and other securities related regulatory compliance.
Laurent Bellandi - Chief Executive Officer & Co-Founder
Laurent is a serial entrepreneur who has focused on digital/online businesses for over 20 years. Lately he co-founded both Genius Yield, one of the most innovative DeFi protocols, and the Genius X accelerator. At Genius X he manages the day-to-day operations of the program and launchpad operating team, formulating the long-term business strategy and leading strategic decisions.
Dr. Lars Brünjes - Chief Technology Officer & Co-Founder
Lars is a mathematician and Haskell developer. As Director of Education at Input Output Global (IOG), the engineering research company behind the development of the Cardano blockchain, Lars has taught thousands of people how to build smart contracts. As Chief Technology Officer of Genius X (and Genius Yield), Lars leads research & development with the technical team, and has written the smart contract code for Genius X Launchpad, and other products on the Genius X platform.
Dr. Sothy Kol-Men - Chief Regulatory Officer & Co-Founder
Sothy has over 20 years of experience in digital finance, investments, building new ventures, and regulation. He is a legal expert, guiding Genius X (and Genius Yield) through legal and regulatory matters for fintech rules and regulatory compliance, particularly for the Genius X Launchpad. Sothy is also a highly regarded professional in the Swiss and European crypto network, where he leverages his network for originating high-potential founders and projects for the Genius X Accelerator Program.
Dikemba Balogu - Chief Financial Officer
Dikemba is finance professional with years of experience in portfolio management, equity research, capital markets, valuation, and financial planning. As Chief Financial Officer of Genius Yield and Genius X, Dikemba leads financial planning and forecasting, profit optimization strategies for products, long-term product development and strategy, and token economics. Dikemba has advised 20+ startups on business strategy, token valuation, creating token utilities, token distribution schedules, and budgeting and forecasting.
Milestone 1 (Legal Framework Development):
$50/hr x 8 weeks x 40 hr/week = $16000
Milestone 2 (Real World Asset Verification and Evaluation):
$50/hr x 8 weeks x 40 hr/week = $16000
$50/hr x 8 weeks x 40 hr/week = $16000
Milestone 3 (Digital Pipeline):
$50/hr x 16 weeks x 40 hr/week = $32000
$50/hr x 16 weeks x 40 hr/week = $32000
Milestone 4 (RWA token issuance, restrictions and transfer):
$50/hr x 8 weeks x 40 hr/week = $16000
Milestone 4 (RWA token income distribution):
$50/hr x 8 weeks x 40 hr/week = $16000
Final Milestone (RWA Swap Application):
$50/hr x 16 weeks x 40 hr/week = $32000
$50/hr x 16 weeks x 40 hr/week = $32000
TOTAL ($) = $208000
TOTAL ($0.45/ADA) = 462222 ADA
Anchoring Cardano into real-world processes through the tokenization of assets has profound implications for the broader adoption of blockchain technology. By digitizing real-world assets such as real estate, commodities, and intellectual property rights, Cardano facilitates more efficient and transparent asset management processes. This not only reduces friction and costs associated with traditional asset ownership but also opens up new avenues for liquidity and investment opportunities.
Block chain developer hourly rates are charged at an international industry standard of ~$50 an hour. Reference: https://survey.stackoverflow.co/2023/#work-salary