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.