Quicknode

September 4, 2024 — 4 min read

We’re excited to announce that RACE and Quicknode have joined forces to make real-world asset (RWA) tokenization easier and more efficient for developers. This strategic partnership combines RACE’s cutting-edge blockchain technology with Quicknode’s robust infrastructure, empowering developers to build, deploy, and scale their decentralized applications (dApps) faster and more effectively.

Why Tokenization is the Next Big Thing

The tokenization market is on the brink of explosive growth. According to the Global Financial Markets Association and Boston Consulting Group, the global value of tokenized illiquid assets could skyrocket to $16 trillion by 2030. This surge presents a massive opportunity for developers and investors as the world embraces a more digitized and decentralized financial system.

What is RACE?

RACE is the first full-stack modular blockchain specifically designed for RWA tokenization. Built on Optimism’s OP Stack and part of the Optimism Superchain, RACE is the perfect platform for developers looking to digitize and trade a wide range of assets, from real estate to trade finance.

A key feature of RACE is its Asset-to-Blockchain (ATB) Layer, which simplifies the digitization and tokenization of physical assets, turning them into tradable financial instruments. Whether developers are working with private debt, real estate, or trade finance, RACE provides the infrastructure they need to tokenize assets efficiently.

RACE also has a Decentralized Investment Committee (DIC), composed of industry experts in underwriting, legal services, and financial analysis. The DIC ensures that only assets meeting rigorous standards for viability and compliance are tokenized, creating a secure and trustworthy environment for investors.

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• Near-instant transaction finality: experience the efficiency of near-instant transaction confirmations, reducing the waiting time for settlements.

• Reduced fees compared to Ethereum mainnet: enjoy significantly lower transaction fees, making it cost-effective for both developers and users.

• Enhanced asset interoperability and liquidity: benefit from seamless interoperability across various asset classes, improving liquidity and trading opportunities.

• Compliance and trust in tokenized asset management: ensure that all tokenized assets meet strict regulatory and compliance standards, fostering trust among investors.

How Quicknode Enhances RACE Development

• Faster time-to-market for dApps: Quicknode’s performance and reliability enable developers to bring their dApps to market more quickly, giving them a competitive edge.

• Simplified infrastructure management: Quicknode’s intuitive platform simplifies the setup and management of RACE endpoints, allowing developers to focus more on innovation and less on infrastructure.

• Scalability to support growing user bases: with Quicknode’s scalable infrastructure, developers can effortlessly manage increasing dApp traffic as their user base expands.

Key Benefits of Using Quicknode for RACE Development

• Performance and reliability: enjoy high-speed, low-latency access to the RACE network, ensuring your dApps run smoothly even under heavy load.

• Scalable infrastructure: handle growing dApp traffic effortlessly with Quicknode’s scalable infrastructure, which adapts to your needs as your user base expands.

Developer-Friendly Features

• Easy setup and management: quickly set up and manage RACE endpoints with Quicknode’s intuitive platform.

• Comprehensive documentation and support: access extensive resources and support to guide you through every step of your development journey.

Wide suite of Web3 tools

• Includes RPCs and Streams for robust blockchain data delivery without custom ETL pipelines, and Clusters for dedicated, unmetered, scalable RACE nodes. Offers Functions for creating serverless blockchain functions in the cloud, eliminating the need for hosting on personal infrastructure.

Cost-Effective Solutions

Flexible pricing plans: choose from a range of options to suit your project needs, including a free forever plan to help anyone get started.

Use Cases and Opportunities

• Tokenization platforms for various asset classes: from real estate to collectibles, tokenize a wide array of physical and financial assets.

• DeFi protocols leveraging RWAs: build decentralized finance protocols that integrate real-world assets, unlocking new possibilities for lending, borrowing, and trading.

• Cross-chain asset trading and management: facilitate seamless cross-chain transactions and asset management, enhancing the liquidity and interoperability of tokenized assets.

Empowering Developers to Build the Future:

Together, RACE and Quicknode unlock new possibilities for developers. Whether building sophisticated tokenization platforms, developing DeFi protocols, or enabling cross-chain asset trading, this partnership provides the tools necessary for success.

Getting started is simple. Developers can sign up for a Quicknode account, select RACE as their blockchain, and access their RPC endpoint to begin development. Quicknode’s RACE documentation and RACE’s official resources offer further guidance.

RACE and Quicknode are here to help push the boundaries of what’s possible in the world of tokenized assets.

Visit Quicknode and RACE today to start building the future