Is Venus going to be the world's first encryption bank? Targeting Southeast Asia's RWA.

Question

[Coin World] The digital finance project Venus has recently made a big move - they are going to create the world's first “encryption bank.” Sounds pretty explosive, right?

Their entry point is very practical: they are targeting the bosses of those engaged in bulk commodities and small to medium-sized enterprises in Southeast Asia. These businesses have goods and invoices, but they lack liquidity. Venus's approach is to directly tokenize these physical assets (such as inventory and accounts receivable) and then use them as collateral, allowing small loans to be secured instantly.

The technical details are also quite hardcore: all collateral is on-chain, transparently and verifiably in real-time; to redeem, you need to destroy the tokens and directly retrieve the physical goods, managed by a reputable custodian. They also created a data layer called VINDEX, which packages various RWA products into an auditable asset basket.

Venus is very clear about its positioning - it is not here to disrupt traditional finance, but rather to serve as a compliant technical intermediary, helping traditional finance improve its efficiency. This approach is quite pragmatic, as no one can avoid the regulatory hurdles.

GasFeeCrybaby · Accepted Answer

There is indeed potential for RWA in Southeast Asia, but calling it the "world's first crypto bank" is a bit of a stretch.

Is this yet another project trying to be a compliant intermediary? I just want to ask, can Venus' VINDEX really pass an audit?

Tokenizing inventory sounds cool, but who’s going to be responsible for the physical custody?

That being said, the liquidity pain points in Southeast Asia are real—if they can actually pull this off, it’s an interesting approach.

Trying to be a bank while claiming you’re not taking food off the plate of traditional finance—what a smooth sales pitch.

Redemption, burning, delivery—the logical loop is clear, just worried it won’t be so smooth in practice.

Can Venus stop bragging and actually deliver something real?

ChainDoctor · Answer

Uh... "the world's first" again, I'm really tired of hearing that, man.

RWA tokenization is kind of interesting, but I'm just worried it's another PPT dream—can it really be implemented in Southeast Asia? Can they really clear compliance hurdles?

FloorPriceWatcher · Answer

There is indeed room for imagination in the RWA sector in Southeast Asia, but saying "the world&#39;s first encryption bank" is a bit of an exaggeration...

GamefiGreenie · Answer

The RWA in Southeast Asia is indeed imaginative, but we still need to see how it actually materializes in the future.

SnapshotStriker · Answer

Small business owners in Southeast Asia have found hope now, but how far it can actually go depends on various factors.

BearMarketMonk · Answer

The road for RWA in Southeast Asia is indeed tight, but can the tokenization collateral really work? It always feels like on-chain data transparency does not equal real asset security.

ParanoiaKing · Answer

There is indeed potential in the RWA sector in Southeast Asia, but the slogan "the world&#39;s first encryption bank" seems a bit exaggerated. Let&#39;s see if it can really be implemented first.

NFTPessimist · Answer

Wait, is it again the "world&#39;s first" talk? Sounds nice, but can the policies in Southeast Asia really be a green light all the way?

The thing about RWA tokenization sounds great, but I&#39;m afraid it will end up just being data on-chain, while in reality, it&#39;s still the same, which is a form of paper prosperity.

However, I must admit that the idea of VINDEX&#39;s Data Layer is quite good; it just depends on whether it can really achieve transparency. Experience tells me the more you boast about transparency, the less transparent it actually is.

Let&#39;s see how Venus negotiates with the regulatory authorities; that&#39;s the key. No matter how hardcore the technology is, if it doesn&#39;t pass approval, it&#39;s all in vain.

It reminds me of those previous "revolutionary" projects. In the end? Some made money, while others lost everything.