Tokenized Treasuries,
Gold & RWA Scores.
Tokenized real-world assets represent over $15B in on-chain value. But the custody chain from physical asset to on-chain token is complex. We score every tokenization platform on the question that matters: can you verify the custody?
Explore by Category
Tokenized Treasuries
US Treasury bonds on-chain. BlackRock BUIDL, Franklin Templeton BENJI, Ondo Finance, and more — scored on custody architecture.
Tokenized Gold
Physical gold verified on-chain. Tether Gold (XAUT) vs Paxos Gold (PAXG) — London Good Delivery bars, Swiss vault custody.
RWA & Securities
Tokenized real-world assets and securities. Securitize, Centrifuge, Maple Finance — the infrastructure layer scored.
Tokenized Asset Scores
Largest tokenized treasury fund ($2.5B+). BlackRock as asset manager, Securitize as tokenization agent, BNY Mellon as custodian. Daily NAV. Multi-chain deployment across 7 networks.
First SEC-registered fund to use public blockchain for share tracking. Franklin OnChain US Government Money Fund accessible via the Benji app. $700M+ AUM. Stellar and Ethereum deployment.
Each PAXG token backed by one troy ounce of London Good Delivery gold in Brink's vaults. NY DFS regulated. Monthly attestations. Unique: individual bar serial number lookup per token holder.
Leading tokenization platform. SEC-registered transfer agent and FINRA broker-dealer. Powers BlackRock BUIDL, Hamilton Lane, KKR tokenized funds. Secondary market trading via Securitize Markets.
The Tokenized Asset Custody Chain
Every tokenized asset has a custody chain from the physical asset to the on-chain token. Understanding each link is essential to verifying what you actually own.
Physical Asset
US Treasury bonds, gold bars, real estate, or other assets held by a regulated custodian.
Custodian / Trust
A qualified custodian (BNY Mellon, DTCC, London vaults) holds the physical asset with legal segregation.
Tokenization Platform
Securitize, Paxos, or the issuer creates an on-chain representation backed 1:1 by the custodied asset.
On-Chain Token
The token you hold — with proof of reserves, attestations, or smart contract verification connecting back to the physical asset.
Tokenized asset custody insights
Weekly analysis on tokenized treasuries, gold, and RWA custody architecture. From BlackRock BUIDL to Paxos Gold. No spam.
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