Nobody just puts assets on the blockchain. That’s not how it works. There’s a whole logical process. There’s legal, technical, and financial, and the whole thing has to be done in order, or it falls apart.
Everything starts with the asset itself. The issuer decides what asset it wants to tokenize. It could be a gold bar, corporate, loan, or property. The asset actually has to exist before anything else happens.
The next is the legal structuring, and this is where most projects get it wrong. The asset can’t just sit on the issuer’s balance sheet. That’s a serious risk. There has to be a separate legal wrapper built around it. The wrapper is usually a Special Purpose Vehicle (SPV), or sometimes a regulated trust, or a fund structure. The goal is to isolate the asset from the issuer’s balance sheet so investors are protected if anything goes wrong.
Next, the asset moves to a custodian. This is the company that physically holds the asset. BNY holds the treasuries, and Brink’s holds the gold in accredited vaults. The custodian is usually separate from the issuer. That separation matters a lot in RWA tokenization.
Next, we move to the token minting. The issuer puts the token on a blockchain. It could be Ethereum, or Solana, or any chain that fits the goal. ERC-20 is the most common token standard. Some use ERC-3643, especially when there’s a need for built-in compliance to restrict who can access the token.
Pricing is a constant thing. The Net Asset Value (NAV) is calculated daily for most treasury asset products, and pushed on-chain through Oracles like Chainlink. So, at anytime, you can see what your token is worth in real time.
The final step is the investor access and redemption. You must go through KYC/AML checks. After that, you buy the token through the issuer’s platform and hold it until you want out. Some products support same-day redemption. But, private credit has longer windows. It’s important to check this before investing.
Source: https://coingape.com/best-real-world-asset-rwa-issuers/
