Real-World Assets on Chain

Tokenised real-world assets crossed $21B TVL in Q1 2026 — a self-custody field guide to BUIDL, Ondo, Franklin, Centrifuge, Maple, tokenised stocks, legal wrappers, redemption mechanics, and tax.

1. 01

   Tokenised RWAs: What Legal Wrapper vs On-Chain Representation Actually Means

   RWA tokenisation hit $26.4B in Q1 2026. Here's why the legal wrapper, not the token contract, decides whether you actually own anything.

   8 min read · intermediate

2. 02

   Tokenised Treasuries: BUIDL, USDY, OUSG, FOBXX, and the $15B T-Bill Layer

   Tokenised US Treasuries crossed $15B in 2026. A plain-English tour of BUIDL, BENJI, OUSG, USDY, USYC, USTB and how T-Bills became DeFi's reserve.

   7 min read · intermediate

3. 03

   Private Credit On-Chain: Centrifuge, Maple, Goldfinch, and the $3.2B+ Lending Layer

   Tokenised private credit hit $3.2B outstanding by March 2026, up 180% YoY. We unpack Centrifuge, Maple, and Goldfinch — yields, mechanics, and the defaults.

   8 min read · intermediate

4. 04

   Tokenised Equities and Commodities: Backed, XAUT, PAXG, and the Path to On-Chain Stocks

   Tokenised gold passed $6B and xStocks crossed $10B in volume. Here is how Backed, XAUT, PAXG, Dinari and Robinhood actually work in 2026.

   7 min read · intermediate

5. 05

   RWA Risk: Redemption, Custody, and the Counterparty Waterfall

   Self-custody does not insulate you from issuer, custodian, or transfer-agent failure. A practical map of the five-layer counterparty stack behind every RWA token.

   9 min read · intermediate

6. 06

   Holding RWAs in a Self-Custody Wallet: Approvals, Transferability, and Tax

   Self-custody is necessary but not sufficient for RWAs. Approvals, KYC bindings, and tax treatment all matter. Capstone of our 6-part RWA series.

   10 min read · intermediate