Multicoin Capital: RWA will amplify DeFi value, with privacy and portfolio margin being key factors

Multicoin Capital believes that RWA amplifies on chain economic activity by increasing the demand for financial infrastructure, with value distributed along the technology stack at L1/L2, core primitives, aggregation layer, and application layer. Large scale transactions by institutions have given rise to privacy demands, prompting Renegade, Silhouette, and Zama to promote confidentiality of transaction intentions. Portfolio margin reduces margin occupancy through cross asset net amounts.