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Inclusion criteria

To be listed on RWA.xyz, a tokenized asset must meet all of the following criteria:
  1. Blockchain as source of truth. The blockchain must serve a core role in the asset’s issuance, transfer, and settlement. Assets that only reference a blockchain for record-keeping or reconciliation are not eligible. See Distributed vs. Represented for how we classify the degree of on-chain activity.
  2. Verifiable structure. We must be able to review relevant business and legal documentation (offering documents, legal structure, regulatory filings) to understand the asset’s design and confirm it represents a legitimate financial instrument.
  3. Observable on-chain activity. The token contract must be deployed and have verifiable on-chain state (supply, transfers). We do not list announced but undeployed assets.

Due diligence process

Before onboarding a new asset, our team:
  1. Reviews the asset’s legal and business documentation
  2. Verifies the token contract is deployed and functional
  3. Confirms the blockchain serves as a source of truth for issuance and transfers
  4. Classifies the asset using our asset class framework and tokenization type framework
  5. Identifies and maps the issuer, platform, manager, and service providers
  6. Establishes data feeds for pricing and NAV
Assets can be submitted for review by issuers and platforms using our submission form or by contacting team@rwa.xyz.

Asset class coverage

We classify assets by their underlying economic exposure. See the Asset Classes framework for full definitions.
Asset ClassDescription
StablecoinsTokens with NAV intended to stay 1:1 with a fiat currency
U.S. TreasuriesExposure to U.S. federal government debt
Non-US Government DebtExposure to non-U.S. sovereign debt
CreditNon-sovereign debt (corporate, asset-backed, specialty, diversified)
StocksExposure to publicly listed equities
Private Equity & Venture CapitalNon-public equity exposure
Active StrategiesDiscretionary or systematic managed strategies
CommoditiesRaw materials and natural resources
Real EstateProperty values and rental income
Classification rules:
  • We work directly with issuers and platforms to determine the most accurate category
  • Multi-asset instruments follow a dominant exposure rule: each is assigned to its largest exposure category
  • When deciding between stablecoin and treasury classification, we apply two tests: (1) Is the NAV intended to remain stable at $1? (2) Can the token be freely transferred between holders? If both are not met, we classify as a treasury rather than a stablecoin.

Network support

We index token data from the following blockchain networks. Full support: All on-chain metrics (supply, holders, transfers, transactions) are computed and refreshed daily. Ethereum, Solana, Avalanche, ZKsync Era, Aptos, XRP Ledger, XDC, Mantra Limited support: Token supply and basic metadata are tracked, but some on-chain metrics (e.g., individual holder counts, transaction-level data) may be incomplete. Polygon, Arbitrum, Optimism, Base, Mantle, NEAR, Sui, Algorand, Stellar, Gnosis, Provenance, Noble, Binance Smart Chain, Tron, Blast, Celo, Manta Pacific, Canto Full vs. limited: Full support means all on-chain metrics are computed natively for that chain. Limited support means some on-chain metrics (e.g., individual holder counts, transaction-level data) may be incomplete. To request full support for a network, contact team@rwa.xyz.

Delisting policy

When a tokenized asset is delisted (redeemed, wound down, or removed from its issuing platform):
  1. We stop updating the asset’s data going forward
  2. All historical data is preserved on the platform and through the API
  3. The asset remains queryable but is excluded from active league tables
We do not delete historical data. A complete record of the tokenization market, including assets that no longer exist, is important for research and transparency.