Interview with Principal Financial Engineer Miguel Bovarra about the Blockchain-based real-world asset infrastructure company

RACE is the first integrated modular blockchain infrastructure for tokenizing and distributing real-world assets. The company recently announced the launch of the Layer 2 (L2) blockchain mainnet built on Optimism’s OP Stack. Pulse 2.0 interviewed RACE’s lead financial engineer and Optimism spokesperson Miguel Bovarra to learn more about the company.

Miguel Bovarra wallpaper

What is the background of Miguel Bovarra? Bafara said:

“I began my journey in finance with a degree in Civil Engineering from PUC University of Rio de Janeiro, where I initially focused on structural projects. But as I progressed through my studies, I became increasingly fascinated with the world of finance, which eventually led me to a research analyst position.” Credit in a traditional financial institution in Rio.

“In this position, I applied rigorous technical standards to evaluate data and assess credit risk, an experience that laid the foundation for my current work.”

“Today, as a Principal Financial Engineer at RACE, I blend my technical background with financial expertise to explore new frontiers in blockchain technology. Here at RACE, we are developing innovative ways to apply blockchain to the financial world, which will help make the entire system more dynamic and efficient in the future.”

Sweat formation

How did the idea for the company come about? Share Bovara:

“The RACE ecosystem is built on several key pillars, including a wallet for asset distribution, a permissionless tokenization infrastructure for embedded assets, and the blockchain network itself. My experience working with high-net-worth individuals has given me a deep understanding of their needs and interests, and we wanted to design and build a system A distribution that makes cross-chain investments accessible and secure for non-crypto citizens.”

“We aim to create an easy-to-use wallet infrastructure, enabling these individuals to easily enter the on-chain environment. I also collaborate closely with the coding and blockchain teams to ensure all aspects of the ecosystem are seamlessly integrated, allowing for efficient and seamless communication across all components.

Favorite memory

What is your favorite memory of working at the company so far? Povara reverse:

“I believe this will be the moment we successfully launch our blockchain and tokenize our first assets. It was the culmination of countless hours of hard work, collaboration, and innovation. Seeing the chain in action and seeing our first assets actively traded in the market has been incredibly rewarding. “It was a powerful reminder of why we created this project – to bring innovative financial solutions to life and make cross-chain investments accessible to a wider audience.”

Basic products

What are the company’s core products and features? Bovarra explained:

“RACE is the first integrated Layer 2 Blockchain infrastructure platform specifically designed for the tokenization and digitization of real-world assets. We aim to make it easy and efficient to buy, sell and invest in assets, especially those assets that were previously illiquid. Through our automated platform Decentralizing the digitization of assets, RACE securely connects the source of real-world assets with NFTs and other ERCs.

“As core products, RACE offers high-value assets such as aircraft, real estate, art, luxury goods and private equity on-chain.”

Important milestones

What are some of the most important milestones achieved by the company? Bovarra said:

“We successfully launched our mainnet in July 2024, based on Optimism’s OP Stack. The journey to this point has been incredibly exciting. In a funding round in early 2024, we raised $5 million in a funding round, which was a vote Strong investor confidence in our vision and technology This funding has allowed us to accelerate our development, combined with recent partnerships with Bridge.xyz and DFNS and with our mainnet now in place With these partnerships in place, we are well positioned to make tokenizing high-value assets easier and more efficient for investors around the world.

Total addressable market

What is the total market size (TAM) that the company seeks to achieve? Bovarra Rating:

“Our company targets a broad and diverse addressable market (TAM) within the global tokenization landscape. Key focus areas include:

– Global real estate: the largest opportunity, with a total capital of $380 trillion. This market represents a great opportunity to digitize real estate assets and introduce them to blockchain technology, making them more accessible and liquid.

– Stock market: With a TAM of $106 trillion, stock tokenization could revolutionize how securities are traded, offering greater efficiency and potentially lower costs.

— Debt Market: The debt market represents $100 trillion and offers huge potential for tokenization, allowing for more transparent and accessible debt instruments.

– Gold: This $16.1 trillion market represents an opportunity to tokenize physical assets such as gold, providing a safer, more easily transferable form of investment.

– Insurance: With a total insured value of $7 trillion, tokenized insurance can lead to innovative products and more efficient risk management.

– Global Trade: By representing a $31 trillion TAM, tokenizing global trade can streamline processes, reduce costs, and enhance transparency.

– Other markets: There are additional opportunities in various sectors, albeit smaller, representing a combined total of $1 trillion.

In total, these markets offer total combined assets of more than $641 trillion, highlighting the enormous potential for growth and innovation in the tokenization sector. Our goal is to tap into these markets, leveraging blockchain technology to unlock new opportunities and efficiencies across multiple asset classes.”

Differentiation from the competition

What distinguishes the company from its competitors? Bovarra noted:

“RACE offers a comprehensive solution that makes creating tokens and interacting with cryptocurrencies easier than ever before. Our ecosystem seamlessly integrates every step of the investment journey, from distribution and portfolio management to blockchain and tokenization.”

“We’ve partnered with DFNS to create a non-custodial ‘keyless’ wallet system, which simplifies digital asset management. Our scalable solution reduces the typical four-step process to a single step, making it more efficient for everyone.”

“RACE also stands out through its Decentralized Investment Committee (DIC), made up of legal, financial and regulatory experts, who ensure due diligence and strict compliance with each token. This builds trust among investors and asset holders, setting us apart from the competition.

The company’s future goals

What are some of the company’s future goals? Bovarra concluded:

“RACE looks forward to expanding its offerings across a broader range of tokenized asset classes.”

“We also offer advanced asset management and discovery tools, enabling users to efficiently manage their investments and discover new opportunities within the RACE ecosystem.”

Looking to the future, we are also exploring strategic partnerships that will further our mission of access to high-value assets. These collaborations aim to enhance the platform’s functionality and user experience, making it more accessible to the global investor audience.