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RAAC Launches Testnet for $235m Gold-Backed RWA Platform

  • RAAC, a decentralized Real World Asset (RWA) lending and borrowing ecosystem, has launched its testnet.
  • RAAC has secured $235 million in gold-backed deposits at launch from one of the largest gold reserves in North America.
  • Initially, RAAC will develop protocols integrating gold-backed and real estate-backed tokens from asset owners.
  • RAAC's testnet is available to non-US persons and will be followed by a closed beta, with the mainnet launch and Token Generation Event scheduled for Q2.

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