What people are actually doing with tokenized assets.
Each card is a workflow that ships today, with a primary source you can click through to. No crowd-posted claims, no speculative product news. We add a workflow when a regulated issuance proves the workflow works.
Updated 2026-10-21 — 9 curated workflows across 9 asset classes.
- Tokenized Treasuries · collateralTokenized US Treasuries as onchain collateralA short-duration US Treasury fund is mirrored onchain as a token. That token is then pledged against a borrow or used as the reserve backing a stablecoin.
- Tokenized gold · settlementTokenized gold redeemable to physical barEach token represents a specific weight of allocated, segregated bullion held by a regulated custodian. Holders can redeem to a bar, a wire, or a vault address.
- Tokenized receivables · yieldAsset-backed lending against tokenized receivablesA pool of invoices or installment loans is securitized onchain. Lenders buy tokenized senior tranches; borrowers draw against approved receivables.
- Tokenized fund units · accessStructured products on a tokenized basketA regulated issuer packages a strategy (covered-call, thematic, rate-linked) and sells it as an onchain security. Settlement and corporate-action handling happen onchain.
- Tokenized MMF · settlementStablecoin settlement against tokenized MMF sharesA regulated MMF runs a tokenized share class that can be redeemed via stablecoin rails, removing the T+2 wait that makes traditional MMFs awkward as a payment leg.
- Tokenized Treasuriescollateralsovereign
Tokenized US Treasuries as onchain collateral
A short-duration US Treasury fund is mirrored onchain as a token. That token is then pledged against a borrow or used as the reserve backing a stablecoin.
BlackRock (BUIDL); Circle (USYC); Franklin Templeton (FOBXX)·United States (registered fund + NYDFS / SEC) - Tokenized goldsettlementprecious_metals
Tokenized gold redeemable to physical bar
Each token represents a specific weight of allocated, segregated bullion held by a regulated custodian. Holders can redeem to a bar, a wire, or a vault address.
Paxos (PAXG, NYDFS); Comtech Gold (LI TVTG); Tradewind Markets·United States (NYDFS) and Liechtenstein (TVTG) - Tokenized receivablesyieldprivate_credit
Asset-backed lending against tokenized receivables
A pool of invoices or installment loans is securitized onchain. Lenders buy tokenized senior tranches; borrowers draw against approved receivables.
Centrifuge (Tinlake); Goldfinch; Maple Finance·Cayman / Delaware (protocol-issued) — primary deal lenders in CH/EU/UK - Tokenized fund unitsaccesssovereign
Structured products on a tokenized basket
A regulated issuer packages a strategy (covered-call, thematic, rate-linked) and sells it as an onchain security. Settlement and corporate-action handling happen onchain.
Backed Finance; 21Shares; Sygnum·Switzerland (FINMA prospectus approval or EU PRIIPs) - Tokenized fund unitsaccessprivate_credit
Tokenized private-credit fund units for non-US LPs
A closed-end private-credit fund is mirrored onchain as a tokenized share class, accessible to LPs from Switzerland, the EU and the UK with a short subscription cycle.
Maple Finance; Centrifuge (Tinlake USDC pool)·Cayman master / regulated transfer agent (CH/EU/US) - Tokenized MMFsettlementsovereign
Stablecoin settlement against tokenized MMF shares
A regulated MMF runs a tokenized share class that can be redeemed via stablecoin rails, removing the T+2 wait that makes traditional MMFs awkward as a payment leg.
Franklin Templeton (FOBXX on Stellar); Ondo Finance (USDY on Ethereum)·United States + RWA-friendly chain venue - Tokenized fund unitsissuancesovereign
Cantonal-bank tokenization pilots for client assets
Several Swiss cantonal banks are running regulated tokenization pilots: client assets (vaulted gold, structured notes, fractional real-estate) mirrored onchain under FINMA oversight.
Several CH cantonal banks (collective pilot set)·Switzerland (FINMA prospectus or sandbox) - Tokenized carbonaccessinfrastructure
Carbon credits with onchain audit trail
A voluntary carbon registry mints one token per verified credit. The onchain ledger prevents double-issuance and gives corporate buyers a public retirement trail.
Toucan Protocol; KlimaDAO; Flowcarbon·Voluntary registry, no single regulator - Tokenized real estateyieldreal_estate
Fractional real-estate with tokenized rental distribution
A regulated SPV holds one building. Tokens represent fractional equity; rental cash flow is distributed pro-rata to wallet holders.
RealT (US); Brickstarter (EU); several EU and CH issuers under MiCA·United States (Reg D / Reg S); EU MiCA; CH FINMA