What you can tokenize

Asset	Price source	Servicing	Payment leg	Example
Investment fund	Needed: the administrator’s NAV	Income accrued per holder, distributions each period, statements	Paid on the ledger in the same transaction (a tokenized deposit or a stablecoin), or off it	A money-market fund paying its income in new units
Tokenized deposit	None: at par	The bank issues and redeems on request	Often the payment leg itself	A bank’s deposit token that pays for fund units
Stablecoin	None: at par	Its issuer mints and burns on request; the reserve custodian’s statements are kept as received	Can pay for other assets	A par token backed by cash and short-term bills
Commodity	Needed: a price provider, or the vault’s attestation	No distributions; the vault’s statements are kept as received	Tokenized cash, as for a fund	Allocated gold held in a vault
Product backed by on-ledger collateral	Computed by its reserve: 1 at par, or the reserve’s value per unit	At par, the issuer keeps the yield; accumulating, income raises the price	Minted against a deposit into its reserve, in one transaction	A stablecoin minted against units of a money-market fund, from any registrar

Asset

Price source

Servicing

Payment leg

Example

Investment fund

Needed: the administrator’s NAV

Income accrued per holder, distributions each period, statements

Paid on the ledger in the same transaction (a tokenized deposit or a stablecoin), or off it

A money-market fund paying its income in new units

Tokenized deposit

None: at par

The bank issues and redeems on request

Often the payment leg itself

A bank’s deposit token that pays for fund units

Stablecoin

None: at par

Its issuer mints and burns on request; the reserve custodian’s statements are kept as received

Can pay for other assets

A par token backed by cash and short-term bills

Commodity

Needed: a price provider, or the vault’s attestation

No distributions; the vault’s statements are kept as received

Tokenized cash, as for a fund

Allocated gold held in a vault

Product backed by on-ledger collateral

Computed by its reserve: 1 at par, or the reserve’s value per unit

At par, the issuer keeps the yield; accumulating, income raises the price

Minted against a deposit into its reserve, in one transaction

A stablecoin minted against units of a money-market fund, from any registrar

A new asset is configuration, not code

There is no contract per asset type. One shared set of contracts, approved once by each node that acts on them, runs every asset above. An asset is three settings on those contracts:

Setting	Options
Value	At par · at a signed price, such as a NAV · at 1, with income paid in new units
Reserve	None, or a reserve on the ledger: its assets, each with a price source, a haircut and a cap, and a minimum cover
Limits	The register keeper’s supply terms: a size cap, daily limits, liquidate-only, redemptions paused

Adding the next asset changes only these settings:

The issuer creates the asset

On its own DA Registry, with the credentials a holder needs.

The venue records it, under four eyes

Its settings, who prices it, and its policy.

The venue admits investors

On the register keeper’s own credential, which its admission consent creates with nothing for the investor to sign, or on the venue’s, which the investor’s custodian accepts. Then the investor can hold the asset.

No contract is deployed and no new audit is needed: the package the nodes approved is the package that runs. Only a new kind of behaviour on the ledger is a new release, which each node approves before using it.

NodeAsset

Capabilities

Comparison with EVM/SVM

Evaluate

What you can tokenize

A new asset is configuration, not code

​A new asset is configuration, not code

A new asset is configuration, not code