If the asset you are looking for is not present in the list below, enter its blockchain address into the box below and we will attempt to fetch it and analyze its characteristics using AI, what else.
The word "tokenized" hides more than it reveals. Here we work to move away from "tokenized" as a single qualifier to a more fine-grained understanding of the degree of tokenization, from less to more.
We are moving towards having all the world's assets that use a ledger use blockchain as the main ledger. The blockchain advantages are many, the main one being easier tradeability. Token is only a token if it can be freely traded. But the blockchain can be the main ledger only if it can be modified via a legal process. Consider owning a tokenized home: if A sells it to B, but then a court returns it to A, we need mechanisms to reflect that on-chain. Ownership needs to update to A even if B refuses to go online. If that is not possible blockchain will not be recognized as the ledger for the asset class.
That is the challenge and the ultimate goa lof tokenization: how to have both free transfers and the government and society recognizing them as legitimate?
The Four Pillars
-
blockchainIsMainLedgerpillar
Is the blockchain the primary ledger of ownership? If there is an alternative authoritative ledger, such as a government land registry, then this is "no". Typically "yes" for RWAs whose ownership is not centrally tracked, for example cars. Typically "no" for RWAs whose ownership is centrally tracked, for example real estate. -
unconditionalTransferspillar
Can the token be transferred freely, without requiring approval from a gatekeeper (issuer, platform, or regulator)? This implies reactive compliance: any compliance requirements are enforced after the transfer, not by blocking it. -
bearerRedemptionpillar
Can the token holder redeem the underlying asset from a third party custodian simply by presenting (bearing) the token? This means there is no vendor/issuer lock-in — the token alone is sufficient proof of the right to claim the asset. -
forcedTransferspillar
Can tokens be moved without the holder's consent? This is necessary for legal compliance and loss recovery. Tokens can be sent to unreachable addresses (e.g. 0x00) but the underlying RWA is not destroyed — there must be a mechanism to correct this. This also enables theft recovery, loss recovery, and heritability.
Maturity Stage
An asset that has not reached a higher level is considered Level 0. Each level requires all previous levels.
- Level 1 blockchainIsMainLedger
- Level 2 Level 1 + unconditionalTransfers
- Level 3 Level 2 + bearerRedemption
- Level 4 Level 3 + forcedTransfers
Other Properties
Additional properties that describe the quality and robustness of the tokenization.
-
titleDeedownership
Is the ownership of the token meant to record the full ownership rights and obligations for the underlying asset? This is in contrast to the token representing a derived or partial right. -
assetSelfCustodyownership
Can the asset represented by the token be custodied by the owner without third parties? A token could represent a tangible thing which can be in possession of the owner, or something intangible which cannot be physically held. -
tokenSelfCustodyownership
Can the token holder hold the token in their own wallet without relying on a third-party custodian? -
issuerIndependentmaturity
If the issuer company/platform/protocol goes bankrupt or disappears offline, will the token continue to function and retain its meaning? -
reflectLegalDecisionscompliance
Can court decisions (e.g. reverting ownership, seizing assets) be enforced on-chain? If not, the token is insufficient as a representation of ownership. -
presetJurisdictioncompliance
Is there a defined legal jurisdiction governing the token, so that the applicable legal framework is unambiguous? -
meetingOfMindstransfers
Is the transfer considered valid on the basis of the agreement between buyer and seller alone, without requiring third-party sign-off? -
thirdPartyAttestationsmaturity
Can independent third-party (non-issuer) attestations be attached to the token, verifying the link between the token and the underlying asset? -
aiReadymaturity
We consider a token AI-ready if there is no KYC in the transfer loop. AI agents cannot pass humanity tests, so KYC requirements exclude them from participation.
Admittedly, our definitions are arbitrary and our classification is opinionated. But we are also biased. We have built (what we believe to be the only) tool that (so we believe) allows you to tokenize RWAs all the way to the coveted "Level 4". Check it out: https://attestify.network