Tangible Rebranding Plan to re.al, Changing to Layer 2 for Real World Assets (RWA)

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Bittime - The company formerly known as Tangible, which issued the USDR stablecoin, has rebranded to re.al. After experiencing failure last year, they now plan to bounce back by becoming a layer-2 for real world assets (RWA).

New Network Launch Plan

re.al, which now operates under a new name, is expected to launch in two weeks. CEO Jag Singh stated that this Arbitrum- based network will offer a “full stack” experience for the issuance and trading of tokenized real-world assets.

Real World Asset Market Projections

By optimistic projections, the real world assets (RWA) market is expected to exceed $10 trillion by the end of the decade. This is a significant figure considering that the current crypto market capitalization is only one fifth of that amount.

Also Read How to Buy Crypto:

Selection of Arbitrum as Base

re.al chose to build using Arbitrum because it supports a variety of gas tokens natively, which are used to pay for transactions. This new governance token of the blockchain will flow revenue generated by projects built on real back to token holders.

What are Tangibles?

Tangible, as explained on their documentation page, is a platform that allows anyone to use Real USD to purchase valuable physical items from the world's leading providers. 

Upon purchase of an asset listed on Tangible, a TNFT (Tangible non-fungible token) is minted, representing the physical item. The physical goods are then sent to one of Tangible's secure and insured storage facilities.

Here are some important points about Tangible that you need to know:

• TNFT Market : Tangible provides a marketplace for TNFT, enabling the purchase of valuable physical goods using cryptocurrency.
• Tokenization Process : When an asset is purchased, a TNFT representing the physical item is printed and the item is stored in a Tangible facility.
• Security and Insurance : Physical goods are safely stored and insured, ensuring investment security.

As such, Tangible offers an integrated and secure way to convert real-world assets into tradable digital assets, providing a bridge between the physical and digital worlds.

How To But Crypto in Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What Are Real World Assets (RWA), 5 Crypto Coins & Blockchains That Use the RWA Narrative

7 Crypto Real World Assets (RWA) that you must have

Ripple and Axelar Work on RWA Tokenization Project on the XRP Ledger

What are Tokenized Real World Assets (RWA)? Everything You Need to Know!

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.