Research

In-depth research on markets, assets, products, tokenization, RWA, and multi-asset trading structures.

292 articles

Research

Yield-Bearing Stablecoins vs RWA Fund Tokens

Yield-bearing stablecoins embed yield in the token price itself, while RWA fund tokens represent a separate share tied to fund NAV. This article compares the structural, regulatory, and risk differences.

2026-08-23 · 10 min read

Research

Event Contracts vs. Price Contracts: Two Different Ways to Express a Market View

A price contract pays according to how far a market moves; an event contract pays a fixed amount according to whether a defined outcome occurs. The two express a view in structurally different ways, with different risks.

2026-08-23 · 6 min read

Research

Royalty Tokenization: How Music and IP Royalties Get Tokenized

Royalty tokenization lets investors buy a token representing a share of future income from music or other intellectual property, with income that varies and typically declines over time.

2026-08-22 · 9 min read

Research

Trade Finance Tokenization: How It Works

Trade finance tokenization turns short-term import-export financing instruments into digital claims investors can fund, but the underlying risk is still counterparty and documentation risk, not market risk.

2026-08-22 · 10 min read

Research

Litigation Finance as an RWA Category

Litigation finance lets investors fund legal cases in exchange for a share of any settlement or award, and it is starting to appear as an uncorrelated but binary-outcome RWA category.

2026-08-21 · 8 min read

Research

Tokenized Infrastructure and Revenue-Share Tokens Explained

Revenue-share tokens give holders a claim on an infrastructure project's cash flows, not equity ownership of the project itself, and that distinction changes how the risk works.

2026-08-21 · 9 min read

Research

Tokenized Invoices and Receivables Financing Explained

Tokenized invoices let investors fund a business's unpaid invoices at a discount through a digital claim, with the main risk being non-payment or fraud by the underlying debtor.

2026-08-21 · 8 min read

Research

Spot, Perpetuals, CFDs, and Event Contracts: Know What You're Trading

Spot, perpetual futures, CFDs, and event outcome contracts answer three questions differently: what you hold, how the price forms, and what you can lose. A plain-language guide to telling them apart.

2026-08-21 · 6 min read

Research

What Are Tokenized Carbon Credits?

Tokenized carbon credits put existing carbon offsets on a blockchain for trading and retirement tracking, but tokenization does not fix the credit-quality problems that predate it.

2026-08-20 · 8 min read

Research

Insurance-Linked Securities Tokenization Explained

Insurance-linked securities let investors take on defined insurance risk, such as catastrophe risk, in exchange for yield, and tokenization mainly changes how access to that risk is structured.

2026-08-20 · 8 min read