We’re thrilled to announce that Unlockd is partnering with watch tracking and trading pioneer Watches.io to reshape finance for luxury wristwatches.
Beginning in February 2024, Watches.io users will be able to tap into the value of their modern and vintage timepieces using Unlockd and borrow against their watch-backed non-fungible tokens (NFTs).
The integration of Watches.io into Unlockd is an exciting step towards making real-world asset (RWA) collateralized loans widely accessible, marking the first time that users will be able to lend and borrow using RWA tokens on our platform.
BRINGING LUXURY WATCHES ON-CHAIN
Watches.io is disrupting the traditional luxury watch secondary sales market by bringing mechanical watches on-chain as tokenized assets.
Their forthcoming marketplace will enable buying, selling, and trading of both physical timepieces and watches represented on the blockchain as tokens. They are known for their strong ecosystem, precise market data, and guaranteed authenticity.
By enabling watch owners to tokenize their collections, Watches.io is innovating at the forefront of RWA financialization and permitting the free flow of asset value to decentralized apps and protocols.
UNLOCKING CAPITAL IN TOKENIZED WATCHES
In partnership with Watches.io, Unlockd is introducing permissionless, fair, and accessible RWA liquidity to the secondary luxury watch market.
We’re delivering a superior user experience where watch owners are able to access capital while maintaining asset ownership and utility.
Beyond statement pieces, authenticated luxury watches are recognized as solid investments with enduring value — which watch-backed NFTs are now able to unlock.
A new generation of collectors are alive to the financial benefits that tokenized assets can provide in the DeFi ecosystem while they appreciate in value over time.
Watch-backed NFTs are positioned to become versatile additions to diversified portfolios as luxury lending on the blockchain emerges as a major category, improving liquidity, accessibility, and transparency while reducing costs from intermediaries.
Unlockd is the leading permissionless protocol for RWAs, providing instant, AI-driven, smart, and secure loans and requiring only a wallet.
EXPANDING THE TOKENIZED ECONOMY
At Unlockd, we’re proud to partner with Watches.io to provide instant liquidity for luxury watch collectors with fairer loan rates and simpler access to funds.
This partnership represents an important milestone in Unlockd’s mission to maximize the liquidity able to be unlocked for asset owners in the projected $16.1 trillion RWA ecosystem.
As we continue to build toward universal access to open, transparent, and permissionless finance, our goal is to foster the adoption of RWAs and open up new means for asset owners to participate in the tokenized economy.
Stay updated on our journey as we partner with new and innovative tokenized RWA ecosystems to create access to RWA liquidity for all asset owners.