Real-world asset tokenization requires more than blockchain code—it needs legal infrastructure.​

Sabai Protocol's COO Aleksandr Hebultivskiy breaks down the two main legal structures used in RWA projects:

SPV (Special Purpose Vehicle)

• A dedicated legal entity that holds the actual asset (real estate, debt, commodities)
• Tokens represent ownership shares or income rights tied to that entity
• Can be single-asset, multi-asset portfolio, or debt securitization structures
• Provides clear legal ownership bridge between blockchain and traditional law

DAO Legal Entities

• Originally informal online groups, now recognized legal structures in several jurisdictions
• Wyoming DAO LLC, Marshall Islands DAO LLC, and UAE DAO foundations offer limited liability
• Smart contracts serve as official operating agreements
• Enable decentralized governance while maintaining legal standing

How They Work Together

Most serious RWA projects use both: SPVs hold the physical assets with clear ownership rights, while DAO structures provide the governance layer for community control.​

The choice of legal structure directly impacts investor protection, compliance requirements, and operational flexibility.​

Read the full analysis

Aave Pro introduces comprehensive markets feature

Aave Pro has rolled out a new unified markets view for V4, consolidating key protocol data into a single interface.​ The update brings together:

• Market data and analytics
• Deposit and borrow asset information
• Connected hub networks
• Market composition breakdowns

This follows Aave V4's recent security-focused expansion, which saw supply and borrow caps increased across multiple assets to handle growing deposit volumes.​

The new markets feature is now available for exploration through the Aave Pro interface, which serves as the primary gateway for interacting with Aave V4's lending and borrowing capabilities.​

Aerodrome Finance, Base's central liquidity hub, is introducing additional revenue streams to its platform.​

The AMM protocol, which features a vote-lock governance model and liquidity incentive engine, continues to evolve its economic structure.​ NFT holders who participate in voting for token emission distribution will benefit from these new revenue opportunities.​

Details about the specific revenue streams have not yet been disclosed.​ The expansion builds on Aerodrome's existing fee and incentive mechanisms for protocol participants.​