Why this matters
Most disagreements about real-world assets are definitional. This explainer sets out the terms Rawer uses in its reports, so a grade or a ranking can be read without guessing at the underlying assumptions.
What to check first
Start with the legal holder of the asset, then the redemption path, then the frequency and scope of independent verification. Yield is informative only once those three are known.
frequently asked
- Is this explainer investment advice?
- No. Rawer publishes research and reference material only.
- How often is it revised?
- Explainers are revised when market structure changes; the revision date is shown above.
related research
market analysis · 15 Sept 2026
RWA Market Outlook 2026
Where tokenized treasuries, private credit and tokenized funds are likely to grow next, which institutions are building the rails, and which structural constraints still bind.
by Mika Okabe · 14 min
updated
infrastructure · 02 Sept 2026
The Institutional Tokenization Landscape
A map of the asset managers, transfer agents, custodians and chains that institutional tokenization programs actually rely on.
by Rosa Delgado · 10 min