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Aave Labs Debuts Horizon to Let Institutions Borrow Stablecoins Against Tokenized Assets
The platofrm allows borrowing Circle's USDC, Ripple's RLUSD and Aave's GHO against a selection of tokenized funds, making real-world assets useful capital.
Updated Aug 27, 2025, 3:52 p.m. Published Aug 27, 2025, 1:00 p.m.
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What to know:
- DeFi lender Aave is targeting institutions with its new platform Horizon, letting borrowers take out stablecoin loans against tokenized real-world assets.
- The tokenized RWA market surpassed $26 billion but integration with DeFi lending has remained limited.
Aave Labs has launched Horizon, its new platform dedicated to institutional borrowers to access stablecoins using tokenized versions of real-world assets (RWAs) like U.S. Treasuries as collateral.
At launch, institutions will be able to borrow Circle's USDC, Ripple's RLUSD and Aave’s GHO against a set of tokenized assets, including Superstate’s short-duration U.S. Treasury and crypto carry funds, Circle’s yield fund, and Centrifuge’s tokenized Janus Henderson products.
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Başka bir hikayeyi kaçırmayın.Bugün Crypto Daybook Americas Bültenine abone olun. Tüm bültenleri gör
The platform aims to offer qualified investors with short-term financing on their RWA holdings and allow them to deploy yield strategies.
With Horizon, first announced in March, Aave aims to tap into the rapidly growing, $26 billion tokenized asset market and turning those assets into usable capital for institutions. Tokenized assets are projected to balloon into a multiple trillion-dollar market over the next few years as major banks and asset managers increasingly place traditional instruments like bonds, equities, real estate on blockchain rails as a token for operational efficiency.
However, efforts to make RWA tokens useful in the decentralized finance (DeFi) lending markets are in the early innings, limiting their practical use.
"Horizon delivers the infrastructure and deep stablecoin liquidity that institutions require to operate on-chain, unlocking 24/7 access, transparency and more efficient markets," Aave Labs founder Stain Kulechov said in a statement.
The protocol runs on Aave V3, which is the largest decentralized lending protocol with more than $66 billion in assets on the platform, according to DefiLlama data.
The platform's setup blends permissioned and permissionless features: collateral tokens embed issuer-level compliance checks, while the lending pools remain open and composable.
Chainlink’s oracle services supply real-time pricing data, starting with NAVLink, delivering net asset values of tokenized funds directly on-chain to ensure the loans are appropriately collateralized.
Launch partners include a range of asset issuers including Ethena, OpenEden, Securitize, VanEck, Hamilton Lane and WisdomTree, with plans to expand collateral selection to more tokenized assets.
Read more: Tokenization of Real-World Assets is Gaining Momentum, Says Bank of America
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UK appoints HSBC for blockchain bond pilot
The Treasury appointed banking giant and law firm Ashurst to steer its digital gilt trial this year as Britain plays catch-up to Hong Kong and Luxembourg.
Ano ang dapat malaman:
- The pilot will run inside the Bank of England's "digital sandbox," allowing the tokenized government bond to be tested under relaxed regulatory rules before any permanent market structure changes.
- The banking giant has already orchestrated over $3.5 billion in digital bond issuances through its proprietary Orion system, including Hong Kong's $1.3 billion green bond — one of the largest tokenized debt sales to date.
- Industry experts note that even if the pilot succeeds, full-scale adoption of digital gilts will need new laws and clarified tax treatment before becoming a standard feature of UK debt markets.
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