RWA Risk & Custody

5 stories
The starting point for RWA Risk & Custody is tokenized asset legal ownership, alongside RWA counterparty risk and asset redemption failure. Coverage also considers underlying asset custody, off-chain enforcement risk, and oracle and valuation risk, supported by bankruptcy remoteness structures and token transfer restrictions. Threats and safeguards are separated, with servicer operational risk, RWA smart contract risk, and bankruptcy remoteness structure explaining exposure and residual risk. Legal rules belong under RWA Regulation; this category evaluates asset control, custody, bankruptcy remoteness, counterparty exposure, valuation, redemption, servicing, and the link between tokens and off-chain claims.

Tether's Alloy Shutdown Leaves $50M in Gold-Backed Debt Unresolved

Tether is closing its Alloy platform, putting nearly $50 million in gold-backed stablecoin debt at risk for users who miss the September 17 deadline to reclaim collateral. Only five open positions remain, but recovery options are unclear.

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Matrixdock RWA Tokens Face Reserve, Audit, and Custody Risks

Matrixdock's XAUm and XAGm tokens bring gold and silver onto blockchains, but their value depends on off-chain reserves, third-party audits, and complex custody. Gaps in verification, supply tracking, and legal clarity create risks for users and DeFi protocols

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Wall Street Turns to Ethereum for Tokenized Assets

Ethereum's smart contracts, token standards, and market links are drawing BlackRock, Franklin Templeton, and other firms into on-chain funds and real-world assets while legal, custody, and liquidity risks remain unresolved

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Hong Kong Banks Lag on Quantum Security as Crypto Risks Mount

A new index from the Hong Kong Monetary Authority finds banks in the city are far from ready for quantum computing threats, raising concerns for tokenized assets and digital finance infrastructure

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Tokenized Stocks Depend on Alpaca as DTCC Prepares to Enter Market

Despite promises of decentralization, nearly all tokenized U.S. equities rely on a single California broker for custody and clearing, raising new questions as DTCC readies its own blockchain tokenization service

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