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RWA & Institutional

10 comparisons in this family, 72 providers scored on their own published criteria. Every ranking here reconstructs from the inputs at rankings.json.

10 live · 72 scored
7 compared
Tokenised T-Bills
Franklin Templeton BENJI (FOBXX)81
53–81 · leads on legal claim
from 0.15% annual commission
6 compared
Tokenised Real Estate
Lofty83
41–83 · leads on legal claim
7 compared
Tokenised Funds
WisdomTree Digital Funds83
41–83 · leads on access
from 0.05% annual commission
7 compared
Tokenised Bonds
BondbloX Bond Exchange79
47–79 · leads on all in cost vs direct route
8 compared
Tokenised Equities
Superstate Opening Bell81
41–81 · first of 8
7 compared
Tokenised Commodities
Matrixdock Gold (XAUm)80
41–80 · leads on vault and verifier
7 compared
Private Credit
Kasu Finance78
55–78 · leads on underwriter identity and skin
8 compared
Money-Market Funds
Spiko US T-Bills Money Market Fund (USTBL)81
45–81 · first of 8
8 compared
Tokenised Carbon Credits
Regen Network81
43–81 · leads on registry serial link
7 compared
Tokenisation Platforms
Taurus (Taurus-CAPITAL / Taurus-TOKENIZE)81
62–81 · first of 7

Considered and not ranked here

3 categories were assessed for this family and left out, each for a stated reason.

Token Market MakersRULED 2026-08-19. The buyer is real — an issuer choosing who makes a market in its token — and the providers are disjoint from every live pool (GSR, Keyrock, Flowdesk and DWF appear nowhere). It fails on EVIDENCE: every decisive term is a private agreement, so nothing could be scored from published sources. One audit lens proposed it and two independently killed it on that ground.
Crypto ETFs / ETPsRULED 2026-08-19 after a gap audit found it listed in billion-plan.json and neither live nor retired. OUT OF SCOPE, not merely deprioritised: the scope rule admits a product only if it is itself onchain or exists to move crypto, and an exchange-listed ETP share is a securities wrapper that exists precisely so the buyer never touches crypto. Three of four audit lenses raised it and two flagged the scope problem themselves.
Invoice Financing — answered by Private Creditprivate_credit, member for member