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Aave Relaunches Institutional Platform Horizon for Tokenisation Boom

  • Aave is relaunching its institutional platform as Horizon, expanding into the tokenisation sector.
  • Horizon lets select companies use tokenised funds as collateral for stablecoin loans.
  • Initial partners on Horizon include Circle, VanEck, and WisdomTree.
  • Tokenisation of real-world assets is growing, with over $26 billion in tokenised stocks, bonds, and other products now circulating.
  • Horizon will offer stablecoin borrowing in USDC, RLUSD, and GHO after investor compliance checks.

Aave has relaunched its institutional lending platform, now called Horizon, as interest from major financial firms in tokenised assets continues to rise. Horizon will let approved companies use their tokenised funds—digital versions of real-world assets—as collateral to borrow stablecoins.

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The first companies participating in Horizon include Circle, VanEck, and WisdomTree. According to Stani Kulechov, co-founder and CEO of Aave Labs, previous plans for the institutional platform—then named Arc—were paused following the 2022 collapse of the FTX exchange. Kulechov stated, “We kept improving the idea, though. Horizon is Arc 2.0.”

Data from RWA.xyz shows that over $26 billion currently exists in tokenised forms of traditional assets, including stocks, bonds, commodities, and private credit. In 2024, BlackRock created a tokenised money market fund worth over $2 billion. Ripple and Boston Consulting Group estimated that the tokenised asset market could reach $19 trillion by 2033.

Some industry experts say those goals might be too optimistic. Sabih Behzad, of Deutsche Bank, commented, “Sure, anything is possible. Is it probable? That’s the question.” For many, the growth of tokenisation depends on more uses for on-chain assets. Bhaji Illuminati, CEO of Centrifuge, said, “The true potential of RWAs isn’t just in tokenisation, it’s in what you can do once those assets are onchain.” Two Centrifuge tokenised funds will be hosted on Horizon.

Other participants in the Horizon project include Superstate, Ant Digital Technologies, Ethena, KAIO, OpenEden, Securitize, Hamilton Lane, and ChainLink. Once investors complete standard identification and compliance procedures, they will be able to borrow three stablecoins: USDC from Circle, RLUSD from Ripple, and GHO from Aave. Aave has plans to add more types of collateral, such as shares from private companies like SpaceX or Stripe, before they become publicly traded.

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