Asset Tokenomics & Risk Grades

What this topic covers

REAL is designed so each tokenized RWA carries risk information inside the token, not on a separate dashboard. This enables clearer pricing, safer product design, and composability across apps.

The 3 asset categories on REAL

Any cash-flow-generating asset onboarded to REAL becomes one of:

• Unsecured – tokenized only (no risk scoring, no insurance) → riskiest

• Scored – tokenized + a probability-of-default (PD) score

• Insured – cash flows partially or fully insured → safest

Risk grades (A – F)

REAL embeds a risk classification grade into token metadata:

• A-grade: all cash flows + principal insured

• B-grade: >75% of cash flows insured

• C-grade: ≤75% of cash flows insured

• D-grade: no insurance + low PD score

• E-grade: no insurance + high PD score

• F-grade: no insurance + no PD score

“Colored tokens” (the powerful idea)

REAL allows multiple token versions of the same real-world asset with different insurance coverage (and therefore different grades/prices).

Example from the whitepaper:

• A corporate bond is onboarded and scored → Token 1 (grade D)

• Then an insurer offers:

  • full insurance → Token 2 (grade A)

  • partial insurance → Token 3 (grade C)
    Users can buy whichever token matches their risk appetite (at different prices).

Why this matters (in plain English)

This is how RWAs become “real finance on-chain”:

• Risk becomes legible

• Products become comparable

• Users can choose safety vs yield consciously