Back
March 22, 2024
Read Time
News
Built on Root
BoF Secures Lead Investor to Bring On-Chain Real-World Assets to The Root Network
BoF is building the next generation of RWA infrastructure, enabling users to seamlessly access Real-World Assets with no minimum deposit.
BoF is building the next generation of RWA infrastructure, enabling users to seamlessly access Real-World Assets with no minimum deposit.
Table of Contents

Overview

Born Ready Ventures leads BoF's pre-seed round to support the rollout of BoF's RWA B2B Infrastructure and B2C Platform on The Root Network, which incorporates technology by Immersve.

BoF is building the next generation of RWA infrastructure, enabling both Retail and Institutional users to seamlessly access Real-World Assets with no minimum deposit. Users will be able to effortlessly transfer funds between various RWA Earn Accounts and a Spending Account linked to a BoF Mastercard powered by Immersve.

One moment users can be earning yield on their USDC through US Treasury Bonds that are backed 1:1 with the underlying asset; the next, they can seamlessly transfer that USDC to their Spending Account to spend anywhere Mastercard is accepted globally. The BoF Mastercard also supports Google and Apple Pay and will be rolled out in sync with Immersve's jurisdictional and technical launch program.

BoF's RWA Infrastructure is being developed not only to serve our B2C platform but also to be offered to B2B customers who wish to provide RWAs through their own platforms on any EVM compatible chain.

Stay tuned for more updates as they move towards launching on The Root Network in the coming months, including an exciting activation in partnership with Futureverse.

For more information about BoF please visit their website and sign up to receive important launch updates and news.

Source: BoF
Latest Articles

Girin Labs launch new user-centric wallet on The Root Network

The Girin Wallet – an ultimate digital wallet designed to enhance experiences within The Root Network and XRPL ecosystems – is now available for iOS and Android.

Nominating Validator Nodes on The Root Network

Stake ROOT tokens, review your Nominations, and help secure The Root Network while maximizing your rewards.

New Strategy Simulation Game with Interoperable Game Economy

The Third Kingdom is now live on The Root Network. Discover adventure, unlock rewards, and be the first to see at the Material World Protocol in action.

Related Articles

Rootscan Launch API & RPC Tools

Elevate your metaverse development with Rootscan’s cutting-edge API and RPC tools. Build innovative dApps more easily with our seamless data integration and comprehensive support.

Girin Labs Secures Funding from XRP Ledger Japan and Korea Fund

First funding approved from new Ripple backed fund to accelerate Girin Labs’ development of an XRPL-focused wallet, and protocol for DeFi services on The Root Network.

Root Name Service Launches on The Root Network

Root Name Service launches cross-platform digital identity solution on The Root Network. How will you be known?

‘The Root Network’ and ‘ROOT’ are trademarks licensed by CNZFV Ltd. This website is licensed and operated by CNZFV Ltd on behalf of The Root Network community. The contents and opinions of this website do not necessarily reflect the opinions of CNZFV Ltd. This website may include links to projects, dApps and third-party services etc., and CNZFV does not warrant that the information available from these is true, correct, complete or up-to-date (or similar) or accept responsibility for anything in connection to them. By using or accessing this website (or similar) you expressly waive any claim for any loss, damage or cost that you may incur from using or accessing this website or by using or accessing links to projects, dApps and third-party services etc available on this website.