Aave Labs launches the Horizon program to develop RWA products for institutional adoption of DeFi

ChainCatcher news, according to The Block, Aave Labs has announced the launch of a new initiative called Horizon, aimed at developing RWA products (such as tokenized securities) to facilitate institutional adoption of DeFi, with the goal of leveraging the Aave ecosystem as a foundation to bridge the gap between traditional finance and DeFi.

It is reported that Horizon's first product will be a structured real-world asset solution that allows institutions to use tokenized money market funds as collateral to obtain stablecoin liquidity, with the stablecoin GHO serving as the primary source of liquidity. Aave Labs stated that this move could create new revenue streams for Aave DAO.