1.1 Migration from XEND to RWA

Xend Finance has made a decision to rebrand its token from XEND to RWA, a marker of a significant pivot in its strategic vision, aligning with the evolving landscape of cryptocurrency projects and the tokenization of real-world assets.

This rebranding reflects a forward-looking approach to integrate the digital finance realm with tangible assets, embodying the vision for Xend V2's business model.

The transition to RWA (Real World Asset) token underscores a commitment to bridging the cryptocurrencies and tokens with the broader world of assets.

As part of this strategic evolution, the RWA token will now natively be available on the Arbitrum One chain, in addition to its presence on major blockchain including

  • Ethereum

  • Binance Smart Chain

  • Polygon

The detailed examination of the RWA token's data metrics and the structure of its on-chain ownership will be released in a separate report once the migration event concludes, which is after March 15, 2024.

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