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Net asset value (NAV)

Net asset value on the platform is displayed at the token level. For many tokenized funds, one token represents one fund share, making token NAV and per-share NAV equivalent. Multiplying token NAV by circulating supply gives you the fund-level net asset value (or AUM).

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Data sources

All NAV data is issuer-reported. RWA.xyz does not internally calculate, model, or adjust NAV values. Depending on the asset, data reaches the platform through one of three channels:
Source typeDescription
Direct API integrationNAV data is ingested automatically from the issuer’s systems
Fixed NAVProvided directly by the issuer for assets that maintain a stable price (e.g., distributing structures pegged at $1.00)
Pegged NAVTied to an underlying reference asset, such as a gold-backed token pegged to the spot price of one Troy ounce via an oracle

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Update frequency

The update frequency varies by asset. Tokenized treasury products are typically updated daily, while less liquid institutional fund structures may update less frequently (e.g., on a quarterly basis). You can verify the exact cadence for any asset by viewing its historical chart on the platform and downloading the time-series data.

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Yield calculation

Yield methodology follows the SEC 7-day yield calculation, the standard for U.S. money market funds and the benchmark the Securities and Exchange Commission requires for comparable yield reporting. The logic takes a rolling 7-day window of performance, calculates the return over that period, and annualizes it to produce a standardized, comparable figure across every asset on the platform. Depending on how a product is structured, this is applied in one of two ways.

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Method A: NAV-derived yield

For assets where yield accrues into the token price, the SEC-standard 7-day yield formula is applied directly. The calculation takes the NAV at the end of a 7-day window, subtracts the NAV at the beginning, divides by the starting NAV, and annualizes the result: 
((NAV_end − NAV_start) / NAV_start) × (365 / 7) × 100
This works because the token’s price movement captures the return. As income accrues into NAV, the appreciation over the 7-day window is the yield.

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Method B: Direct yield feed

Not all tokenized products accrue yield into NAV. Distributing structures pay daily income to holders while maintaining a stable NAV. Comparing the starting and ending NAV on these products would show effectively zero return, despite the holder earning real income every day. For these assets, issuers provide a direct, unannualized one-day net yield figure (for example, 0.000137, representing a 0.0137% daily return). The last 7 daily figures are summed to get the total return over the 7-day window, then annualized the same way: 
(Sum of last 7 daily yield figures) × (365 / 7) × 100
Summing the actual daily returns over the 7-day window gives the same type of 7-day return input that Method A derives from NAV, allowing the same annualization logic to apply.

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Output

In both cases, the output is the same: a 7-day annualized non-compounding yield figure, displayed net of fees, that allows you to compare across every asset on the platform on equal footing. The input method varies based on product structure, but the logic (a 7-day window, annualized) is consistent.

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Accumulating vs. distributing structures

The two yield methods map directly to the two main product structures in tokenized assets.
StructureBehaviorYield method
AccumulatingIncome is reinvested directly into NAV. The token price rises over time as yield builds up.Method A (NAV-derived)
DistributingIncome is paid out to holders. NAV stays pegged and does not appreciate.Method B (Direct yield feed)
In both models, the yield figure captures total return, net of fees. NAV and yield are always displayed after fees have been deducted, based entirely on data provided by issuers.

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Standardization across asset types

The tokenized asset landscape includes treasuries, credit funds, commodity-backed tokens, active strategies, real estate, and more — each with different structures, fee models, and reporting cadences. Without a standardized methodology, comparing across products is guesswork. RWA.xyz applies SEC-standard calculation logic to every asset, regardless of type. The underlying data cadence naturally differs from one product to the next (a daily-updating treasury fund and a quarterly-reporting credit vehicle operate on different timelines), but the methodology applied is always the same: issuer-sourced data, processed through a single, transparent, SEC-standard methodology.