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@fraxfinance and
@GearboxProtocol are putting tokenized real-world assets to work onchain.
Gearbox’s Institutional RWA markets use $frxUSD as their lending asset, with Midas assets mF-ONE and mGLOBAL providing exposure to institutional credit strategies managed by Fasanara Capital.
Frax approved an allocation cap of $5M for this market through its $sfrxUSD strategy framework.
The live dashboard shows $2.55M supplied to the $frxUSD pool, alongside $1.17M in mGLOBAL/frxUSD and $1.19M in mF-ONE/frxUSD leverage markets.
The key mechanism is how the structure connects stablecoin liquidity with tokenized credit. Idle $frxUSD earns Treasury yield, while utilized liquidity can generate additional borrower interest.
A concrete example of DeFi infrastructure connecting stablecoin liquidity with institutional RWA markets.