HBAR price outlook as Tokeny expands RWA adoption on Hedera

Hedera’s native token, HBAR, has dropped by about 3.5% in the past 24 hours, trimming weekly gains to just over 10%.

Despite the dip from prices above $0.20 this past week, Hedera remains largely bullish. The altcoin could see fresh traction following a key strategic partnership.

The HBAR Foundation’s support for Hedera continues with a new real-world asset (RWA) tokenization initiative, a move that adds to the network’s RWA adoption.

HBAR Foundation and Tokeny partner to drive tokenization on Hedera

On April 28, Tokeny, an on-chain finance infrastructure platform, announced it was teaming up with The HBAR Foundation.

The platforms want to bring scalable, compliant, and eco-friendly tokenization solutions to institutions via Hedera. 

Tokeny will leverage Hedera’s enterprise-grade, carbon-negative ledger.

In this case, the aim is to tap into Hedera’s growth to bring tokenized financial products to institutional investors, a move that potentially positions HBAR as a key player in the digital finance space.

Commenting on the partnership, Tokeny's CEO Luc Falempin said:

What does this mean for HBAR?

HBAR Foundation and Tokeny’s collaboration builds on the existing framework of the non-profit ERC-3643 Association, with the main goal being to standardize RWA tokenization. 

Tapping into Hedera’s energy efficiency platform and Tokeny’s sustainability-focused solutions could drive new demand for HBAR-powered tokenized assets, including real estate, equities, and debt instruments.

While the partnership has not sparked a major uptick for HBAR’s price, the potential is in what the deal promises.

HBAR price currently stands at $0.1899 with a 24-hour trading volume of $191 million.

Hedera’s low-cost, high-speed network is poised for a tokenized securities explosion.

As institutions begin to bring assets onto Hedera, they can easily do so within just a few weeks via Tokeny’s white-label solution.

It also means seamless integration of on-chain finance APIs into businesses’ existing systems.

Users will not suffer the high costs and time-consuming development.

If HBAR can hold above support and reclaim $0.20, sustained upward momentum could push Hedera’s native token higher.

Supply wall hurdles may be at $0.26 and $0.35, the latter having recently signalled a local top.