RWA guides

Plain-English explainers on tokenized real-world assets, linked to live data. New to RWAs? Start with what real-world assets are, or look up a term in the glossary.

• How to Buy Ondo OUSG: Tokenized Treasuries for Qualified InvestorsOUSG is Ondo's tokenized short-term US Treasury fund. Who can buy it, how instant minting and redemption work, what it holds (including BlackRock BUIDL), and how it compares with USDY.
• How to Buy Ondo USDY: Eligibility, Yield and Where It TradesOndo's USDY is a treasury-backed yield token for non-US investors. Who can buy it, how to mint it from Ondo, how its yield works, and how it compares with BUIDL and OUSG.
• How to Invest in BlackRock BUIDL (and Who Can)BlackRock's BUIDL fund is only open to qualified institutional investors through Securitize. Who can invest, how subscriptions work, and how retail investors get indirect exposure.
• How to Invest in Real-World Assets (RWAs): A Step-by-Step GuideA practical guide to buying tokenized real-world assets: choosing an asset class, checking eligibility, onboarding with an issuer or buying on an exchange, custody, and the checks to make first.
• Permissioned Tokens and ERC-3643: How RWA Tokens Enforce the RulesMost tokenized securities can only be held by approved wallets. How permissioned tokens work, what ERC-3643 is, and why issuers can freeze or force-transfer RWA tokens.
• Onchain Private Credit: How Tokenized Lending Works and Its RisksTokenized private credit funds real-world loans with onchain capital. How it works, the main platforms (Figure, Centrifuge, Maple and others), why yields are higher, and what can go wrong.
• RWAs on Ethereum: The Largest Chain for Tokenized AssetsEthereum holds the largest share of tokenized real-world assets. Which RWAs are on Ethereum, why issuers start there, and how Ethereum layer 2s fit in. Live data.
• RWAs on Solana: Tokenized Treasuries, Stocks and MoreWhich tokenized real-world assets are on Solana, how much value they hold, and why issuers of tokenized treasuries and stocks have been launching there. Live data.
• Risks of Tokenized Real-World Assets: What Can Go WrongTokenized real-world assets carry the risks of the underlying asset plus issuer, legal, custody, smart contract, oracle and liquidity risks. A checklist for evaluating any RWA product.
• RWA Tokenization Platforms: Securitize, Ondo, Centrifuge and OthersWho actually issues tokenized real-world assets: asset managers, tokenization platforms and transfer agents. How Securitize, Ondo, Centrifuge, Franklin Templeton, Paxos and others fit together.
• RWAs vs Stablecoins: What's the Difference?Stablecoins and tokenized real-world assets both hold real-world reserves, but only RWAs pass the return to holders. The differences in yield, regulation, access and risk, explained.
• How RWAs Are Used in DeFi: Collateral, Stablecoin Reserves and YieldTokenized treasuries and other RWAs now back stablecoins, serve as collateral in lending markets and exchanges, and provide base yield for DeFi strategies. How it works and the risks.
• Tokenized Gold Explained: PAXG, XAUT and How Gold Tokens WorkGold tokens like PAX Gold (PAXG) and Tether Gold (XAUT) are each backed by physical gold in a vault. How they work, how they compare, how redemption works, and the risks.
• Tokenized Money Market Funds: How Onchain MMFs WorkTokenized money market funds put shares of a regulated money market fund on a blockchain. How they differ from tokenized treasuries and stablecoins, the main funds, and who can invest.
• Tokenized Real Estate: How Fractional Property Tokens WorkTokenized real estate lets investors buy a fraction of a rental property as a token and receive a share of the rent. How it works, the main platforms, the legal structure, and the risks.
• Tokenized Stocks Explained: xStocks, Ondo Global Markets and MoreTokenized stocks are tokens that track listed shares like Tesla, Nvidia or the S&P 500, backed by the shares themselves. How they work, who issues them, what rights you get, and who can buy.
• Tokenized Treasuries Explained: How They Work and the Largest FundsTokenized treasuries are tokens backed by US Treasury bills. How they pay yield, who issues them (BlackRock, Franklin Templeton, Ondo, Superstate), who can buy them, and the risks.
• Top RWA Crypto Tokens by Market CapThe largest RWA crypto tokens by market cap, live: tokenization platforms, RWA blockchains and oracles. What each does, how they differ from tokenized assets, and what drives their value.
• What Are Real-World Assets (RWAs) in Crypto? A Plain-English GuideReal-world assets (RWAs) are traditional assets like treasuries, loans, gold and stocks represented by tokens on a blockchain. How they work, the main types, the risks, and how big the market is.
• Who Can Buy RWAs? KYC, Accredited and Qualified Investors ExplainedMost tokenized funds require KYC and limit who can invest. What accredited investors and qualified purchasers are, how Reg D and Reg S offerings work, and which RWAs are open to everyone.