Tortola, British Virgin Islands, March 17th, 2025,
Chainwire
RAAC, a decentralized Real World Asset
(RWA) lending and borrowing ecosystem, is announcing the launch of
its testnet today in the face of strong institutional demand. This
has helped the project secure $235 million in gold-backed deposits
at launch from one of the largest gold reserves in North America,
as it pursues opportunities in US rental property and more.
Grounded in the $1.8 billion Curve ecosystem, RAAC is a member
of the Chainlink Build program and has been incubated by The LLamas
– a DeFi community that supports, builds, and promotes Curve
ecosystem growth.
Curve founder and RAAC advisor Michael Egorov says:
“Most value in crypto is driven by DeFi and payments. However, as
for DeFi, this value is currently derived mostly from crypto
speculation. We need projects like RAAC to go beyond our crypto
bubble, realize the true potential of programmable, decentralized
money, and eventually have the global financial system naturally
re-architected."
Initially, RAAC will develop protocols integrating gold-backed
and real estate-backed tokens from asset owners through Instruxi –
a leading institutional tokenization provider that serves both the
digital and traditional asset space. These asset owners include
Pretio DeFi Solutions, which, with its partners, has secured a
contract with the North Terrace Mining Project in British Columbia
to acquire 1 million troy ounces of proven gold reserves for
tokenization.
At the time of tokenization, these reserves are valued at
approximately $400 million—20% of a discounted spot price of $2,000
per troy ounce. Over a 10 to 15-year production cycle, once the
gold is extracted, refined, and securely stored, the tokenized
asset’s total estimated value could reach up to $3 billion,
depending on market conditions and future gold prices.
RAAC founder Kevin Rusher says: “RAAC has been in the
works for a long time. This is not something we wanted to rush. Our
team believes passionately in increasing access to the world’s most
stable assets in one of the world’s most volatile sectors. We will
achieve all this and more with RAAC. We don't want to bring the
next billion users into decentralized finance, but the next $100
billion.”
The tokenization process will transform these proven gold
reserves into fractional digital assets, which will be deposited
into the Pretio Foundation DAO. The DAO Treasury will manage a
comprehensive digital ecosystem that leverages on-chain liquidity
and advanced DeFi protocols from the RAAC ecosystem.
This ecosystem will operate via stablecoins minted by the Pretio
Treasury, initially backed by the gold reserves—and later by
additional precious metals. At RAAC’s launch, Pretio will
contribute an initial $235 million in treasury assets, with further
assets to be added to the ecosystem over time.
Pier S. Bjorklund, manager of Pretio DeFi Solutions,
remarks: "The North Terrace Mining Project exemplifies our
commitment to innovation. Pretio DeFi and our partners are setting
a new standard by seamlessly integrating traditional gold mining
with state-of-the-art blockchain, decentralized finance
technologies, and sustainable mining practices."
Mathew Harrowing, co-founder of Instruxi, adds: “One of
the biggest issues RWA tokenization faced was on-chain liquidity.
RAAC solves that elegantly while providing a vehicle for asset
holders and traditional finance institutions to get credible
exposure to the DeFi market with a stable and predictable yield.
It’s truly game-changing.”
RAAC’s testnet is available to non-US persons and will be
followed by a closed beta. Currently, the Ethereum mainnet launch
and Token Generation Event are scheduled for Q2.
*RAAC is only available in a limited number of jurisdictions and
is not available to US persons*
About RAAC
RAAC is a decentralized lending and borrowing ecosystem that is
widening participation in tokenized Real World Assets like real
estate and gold. The platform allows users to borrow against their
holdings at competitive rates, while also offering investors access
to high-value arbitrage opportunities. Providing a bridge between
traditional and decentralized finance, RAAC is modernizing the way
investors can access and profit from the world’s most stable
assets.
Profile Links:
Contact
CEO and
Founder
Rebecca
Jones
Block3
PR
rebecca@block3.pr
