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Tools & Research.

Open tools, frameworks, and sector-level research on tokenized financial products. Independent analysis across structure, economics, operations, distribution, and liquidity.

02Research6 pieces
FeaturedFramework · May 2026

How to Evaluate a Tokenized Product

Tokenized products sit at the intersection of onchain infrastructure and offchain obligations. Evaluating them requires a framework that covers both sides. Five categories, applied together.

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The five categories
01
structure
Wrapper, custody, legal claim
02
economics
Yield source, fees, NAV mechanics
03
operations
Issuance, redemption, reconciliation
04
distribution
Access, eligibility, compliance
05
liquidity
Exit paths, depth, transferability
Sector analysisMay 2026

Tokenized Private Credit

A single sector label hides fundamentally different products, layered operational dependencies, and a composability layer building faster than the risk frameworks meant to manage it.

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$27.3B
Behind one sector label

Spread across instruments with different claims, custody, and exit paths.