Institutional DeFi sector expands with Aave's entry through Horizon
Aave Labs, a key player in institutional DeFi, has announced the launch of a new platform called Horizon. This innovative offering is designed for institutional borrowers, enabling them to access stablecoins by borrowing against tokenized real-world assets.
Horizon integrates Chainlink's oracle services for real-time asset valuation, ensuring the collateralized nature of the loans on the platform. The platform supports lending in stablecoins such as Circle's USDC, Ripple's RLUSD, and Aave's GHO.
Tokenized assets on Horizon include U.S. Treasuries and collateralized loan obligations (CLOs). Notable partners involved in the Horizon platform are Circle, Ripple, Superstate, VanEck, and WisdomTree. With a Total Value Locked (TVL) of $39 billion, Aave brings significant clout to this new venture.
The launch of Horizon was announced in the Unchained Daily newsletter. However, the founders or leadership of Horizon are not explicitly mentioned in the available search results. The platform operates on a permissioned instance of Aave V3.
This development marks a significant step forward in the realm of decentralised finance (DeFi), providing institutional borrowers with a secure and efficient way to access stablecoins using tokenized real-world assets. As more institutions embrace the benefits of DeFi, platforms like Horizon are poised to play a crucial role in the evolving financial landscape.
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