RWA Investor Checklist

A free checklist for researching tokenized real-world assets.

Use this checklist before researching any tokenized Treasury, stablecoin-yield product, tokenized fund, commodity token, credit pool, or real estate token.

Asset and claim

  • Can I explain the underlying asset in one sentence?
  • Does the token represent ownership, a fund interest, a receipt, debt exposure, or only platform exposure?
  • Have I found the official terms, prospectus, disclosure page, or docs?
  • Do I understand where the yield comes from?
  • Who is the issuer?
  • Where is the entity registered?
  • Who can buy, hold, transfer, and redeem the token?
  • What happens if transfers or redemptions are paused?

Custody and reserves

  • Who holds the off-chain assets?
  • Are there reserve reports, attestations, audits, or public dashboards?
  • How often are reserves updated?
  • Are the assets segregated from issuer assets?

Liquidity and redemption

  • Where does the token trade?
  • How deep is real liquidity?
  • What are the redemption windows, fees, and minimums?
  • Does liquidity depend on one venue or market maker?

On-chain risk

  • Did I verify the contract address from an official source?
  • Are there audits, admin keys, upgrade permissions, pause controls, bridge risks, or oracle dependencies?
  • Is the token used as collateral in DeFi?

Rule of thumb: if a product cannot answer most of these questions clearly, it belongs on a watchlist, not in a portfolio.