RE: RWA Launch Inbound!30 May 2025 08:59
Let’s take a closer look at it for them:
It’s an MoU, so not legally binding.
“initially target up to US $2 billion of these assets for listing”
Initially - weasel words implying there’s more to come
Target - oh well, we tried
Up to - so probably nowhere near
Listing - no revenue until the listings start moving around within VLRM.
Let’s be extremely generous and say they get the full 2bn there’s 20% churn pa, at 5% fees - that’s £20m in fees at the absolute top end, excluding whatever cut Blubird are likely taking