Market Insights

Real Estate Tokenization: Why Does the Hardest RWA Category Move Slowly?

Real estate is the most-cited tokenization use case, yet adoption lags tokenized treasuries and private credit. This article explains why — off-chain title transfer, appraisal-based valuation, lumpy and heterogeneous properties, tenant-dependent income, and thin secondary liquidity.

2026-07-21 · 7 min read

Market Insights

Secondary Markets for Tokenized Assets: Why Do Venues Matter as Much as Tokens?

A token can be transferred in seconds, but selling it requires a venue, an eligible buyer, and enough order depth. This article maps where tokenized securities actually trade today — platform-internal windows, regulated exchange pilots, and OTC desks — explains why many tokens only move.

2026-07-21 · 8 min read

Market Insights

The RWA Market Map: What Asset Classes Are Actually Being Tokenized?

A walkthrough of the main asset classes being tokenized across the RWA market: private credit, government debt, commodities, institutional funds, public and pre-IPO equities, corporate bonds, and actively managed strategies.

2026-07-20 · 7 min read

Research

Tokenized Private Funds vs Direct Private Equity: What the Token Wrapper Does Not Change

Tokenized private funds and direct private equity can both involve private-market exposure, but they are different structures. This article compares what changes and what does not.

2026-07-20 · 7 min read

Market Insights

Asset Opportunities Beyond the Secondary Market: How Should Retail Users Understand Them?

Public exchanges are not the only place where assets change hands. This article explains what sits beyond the secondary market — private equity, private bonds, fund shares, and real assets — why retail users historically had little access to them, and what tokenization actually changes.

2026-07-20 · 8 min read

Market Insights

Why Are Institutions Tokenizing Funds and Treasuries?

Major asset managers such as BlackRock and Franklin Templeton have launched tokenized money-market and treasury funds. This article explains what these products are, why institutions issue them — settlement speed, programmability, collateral use, and distribution — and what the trend does.

2026-07-20 · 8 min read

Research

The Illiquidity Premium: Why Do Non-Listed Assets Offer Higher Target Returns?

Non-listed assets often show higher target returns than comparable public-market products. This article explains the illiquidity premium — the extra return investors demand for locking capital up without a reliable exit — what that premium actually compensates for, why a higher target signals.

2026-07-19 · 11 min read

Research

RWA and Diversification: What Adding Non-Listed Assets Does — and Does Not — Do

Non-listed assets are often pitched as diversification: different return drivers and lower correlation to daily market moves. This article explains what is real in that argument and what is not — why smoother reported prices do not mean lower risk, why illiquidity is a genuine cost.

2026-07-19 · 11 min read

Research

Tokenized Funds vs ETFs: Why a Fund Token Is Not an ETF

Tokenized funds and ETFs can both give exposure to pooled assets, but they are built on different structures. This article compares legal rights, pricing, liquidity, disclosure, and exit mechanics.

2026-07-19 · 7 min read

Platform Guide

KYC, Eligibility, and Suitability: Why RWA Products Ask More From You

RWA products built on non-listed assets usually involve identity verification, eligibility criteria, and suitability checks before you can participate.

2026-07-19 · 7 min read