Explainers
A tokenized fund is a mutual fund or money market fund whose shares live as blockchain tokens. Here is how that swaps out the transfer agent, reconciliation and settlement plumbing underneath.
securities lending
How securities lending works in traditional markets, what it looks like when the collateral and the loan live onchain, and what remains unbuilt.
private credit
A definitive explainer on private credit tokenization: what it is, how onchain loans settle and distribute yield, and where the real risks sit.
tokenized securities
SEC Rule 15c3-3 requires broker-dealers to segregate and control customer securities. Here is what possession and control mean when the security is a token on a blockchain.
RWAs
Real world assets, or RWAs, are traditional financial assets like Treasuries, gold, and credit issued as tokens on public blockchains. Here is how they work and why the market crossed $30 billion.
tokenized securities
A transfer agent keeps the official record of who owns a security. Here is what that function does in traditional markets, and what it looks like when the security is a token on a blockchain.
tokenized securities
Atomic settlement lets a tokenized security and its payment change hands in a single, indivisible transaction. Here is how it compares to T+1, what breaks, and what is still being built.
tokenized equities
Traditional stock markets have a consolidated tape and a national best bid and offer. Tokenized equities do not yet. Here is what that reference layer does, why it exists, and what building it onchain requires.