Explainers
Do Onchain Markets Need Designated Market Makers?
Traditional exchanges rely on designated market makers to keep prices continuous and liquid. Here is what that role does, and what it looks like as securities and assets move onchain.
tokenization
Explainers
How Onchain Settlement Actually Works
Onchain settlement replaces the multi-day, intermediary-heavy process of moving money and assets with a single blockchain transaction that transfers value and records final ownership at the same time.
reference rate
Reference Rate for Crypto: How Onchain Pricing Works
A reference rate for crypto is a standardized, methodology-driven benchmark price used to value, settle, and audit digital assets. Here is how it works and why fragmented onchain markets make it hard.
private credit
Private Credit Tokenization: How It Works
A definitive explainer on private credit tokenization: what it is, how onchain loans settle and distribute yield, and where the real risks sit.
prime brokerage
Prime Brokerage for Digital Assets Explained
Prime brokerage for digital assets bundles execution, custody, financing, and settlement into one relationship. Here is how it works and what remains unresolved onchain.
RWAs
What Are Real World Assets (RWAs)? A Clear Guide
Real world assets, or RWAs, are traditional financial assets like Treasuries, gold, and credit issued as tokens on public blockchains. Here is how they work and why the market crossed $30 billion.
tokenization
Dematerialization vs Tokenization: A Clear Guide
Dematerialization turned paper stock certificates into electronic book-entry records held at a central depository. Tokenization moves ownership records onto public blockchains. This guide explains what each one actually does and why the difference matters.
RWA
What Is RWA Tokenization? A Definitive Guide
Real-world asset tokenization moves Treasuries, commodities, private credit, and more onto blockchains. Here is how it works and why institutions are moving fast.
real estate tokenization
Real Estate Tokenization: How It Works and Why It Lags
Real estate tokenization converts property ownership into blockchain-based tokens. Here is how it works, where it stands today, and the obstacles slowing it down.
digital asset identifiers
Digital Asset Identifier vs LEI: A Clear Guide
The LEI names the legal entity behind a financial deal. A digital asset identifier names the token itself, across every chain it lives on. Here is how they differ and why both matter.
digital asset identifiers
Digital Asset Identifier vs FIGI: What's the Difference
FIGI gives global instruments a persistent identifier that never changes. Onchain-native identifiers add something FIGI was not designed for: a canonical key for the same token deployed across many blockchains.
tokenized equities
Tokenized Equities: How Onchain Stocks Work
Tokenized equities move ownership of stocks onto blockchains, enabling faster settlement and around-the-clock access. Here is how they work, where the market stands, and what still needs solving.