Tool

RWA Audit Coach

Know if a Real-World Asset is safe to buy before you size into it.

What is a Real-World Asset?

A Real-World Asset (RWA) is something familiar from the offline world — a bond, a piece of real estate, an invoice, an ounce of gold — that someone has put on-chain as a token. Buying the token is supposed to give you a claim on the actual thing.

The whole game is whether that claim is real and survivable. RWAs fail in six specific ways. This tool walks you through all six in plain English, weighted by the kind of asset you're looking at, and gives you a verdict plus the questions you should bring back to the team.

Set up your audit

Different RWA types fail in different ways. Picking the right type weights the score by what actually matters for your asset.

Anything else. All categories weighted roughly equally.

Depth

One killer question per category. Start here if you're triaging an opportunity.

1. Custody0/1

Where does the underlying asset actually sit, and who controls it?

Is the custodian a named, regulated entity (licensed trust, bank, or qualified custodian)?

Anonymous or pseudonymous custody is one of the top failure modes for RWAs. You want a real entity with a real regulator.

Learn more in the masterclass

2. Yield Source0/1

Where does the APY actually come from, and is it sustainable?

Can you explain in one sentence where the yield comes from (without saying "DeFi" or "strategy")?

If you can't say it in plain English, the team is either hiding it or doesn't understand it themselves. Both are red flags.

Learn more in the masterclass

3. Redemption0/1

Can you actually get your money back, and on what terms?

Can token-holders redeem 1:1 for the underlying at any time?

If redemption is gated to whitelisted parties only, you're relying on secondary market liquidity to exit. That can vanish exactly when you need it.

Learn more in the masterclass