Why Is Reserve Right’s RSR Token Price Pumping?

The price of the RSR token, which powers the Reserve protocol operating on Ethereum, has surged by over 45% today amid rumors of major partnerships and integrations.

The token’s dramatic pump appears to have been sparked by tweets from several high-profile crypto voices speculating on Reserve’s potential role in the emerging trend of tokenizing traditional financial assets on blockchains.

RSR investor @MopHandle laid out a scenario involving Reserve protocol launching on Coinbase’s newly launched Ethereum layer 2 network Base in August 2023. They cited Reserve co-founder Nevin Freeman stating his desire to see “all stocks and bonds tokenized” in a decentralized manner.

@MopHandle then pointed to recent comments from BlackRock CEO Larry Fink about the “technological revolution” leading to the “tokenization of every financial asset.” BlackRock recently partnered with Securitize to launch a tokenized money market fund, with Coinbase providing infrastructure.

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The tweets suggest the Reserve protocol, with its ability to maintain stable assets pegged to real-world currencies and commodities, could play a key role in these firms’ tokenization efforts. The thread highlighted Reserve’s successful handling of the USDC depeg event during the Silicon Valley Bank crisis as evidence its system works.

Joining the speculation, @cjdemelker tweeted that the “BlackRock narrative and Coinbase rumors” around Reserve are “all lining up,” indicating big upside for long-suffering RSR holders if the token crosses the $0.01 threshold.

While unconfirmed, the frenzied discussions reflect growing excitement around bringing real-world assets into the world of decentralized finance (DeFi) through tokenization on blockchains like Ethereum. With its focus on stable, real-world pegged assets, Reserve protocol could become a key infrastructure layer.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.