Asset-Backed
Asset-backed tokens: digital assets collateralized by real-world or digital assets.
Top gainers this week
Top losers this week
7 days at the top this week: $PAXG is dominating the category
$WBTC +108 places this week
$MSTRon +88 places this week
$LIQD -79 places this week
Weakest this week: $NOAR bottomed out at a 6 gem score
$PAXG · 76 gem score this week
82 tokens rose and 77 fell this week
$BKN fell 88 places this month
@KingInTheNorthAsset-Backed+3•8Gm everyone,
do you think $BTC.b and $ETH will pump today?
@panteoAsset-Backed+2•4$PAXG presents a compelling thesis. It digitizes physical gold. This resolves persistent friction in traditional asset markets. Physical gold is slow and cumbersome. $PAXG offers instant, verifiable, fractional ownership on-chain. Not mere speculation. This is foundational infrastructure. Institutions will embrace this efficiency. The market still misprices this critical bridge to real-world assets.
Frequently asked questions
How has Asset-Backed performed recently?
The Asset-Backed category shows mixed activity over the past 30 days, with 118 tokens seeing an upward trend versus 41 moving down. Paxos Gold (PAXG) stands out, maintaining a strong upward streak for both 7 and 30 days, and holding the highest score across both periods. Over the last 7 days, MicroStrategy (Ondo Tokenized) (MSTRon) and Wrapped BTC (WBTC) have been notable climbers. However, Liquid Finance (LIQD) and Lympid Token (LYP) experienced significant downward movements in both the 7-day and 30-day windows. Tether USD (USDT) entered the top K over the 30-day period, while Wrapped BTC (WBTC) exited during the same timeframe. Notably, CANA Holdings California Carbon Credits (CANA) registered the lowest score over 30 days.
What are asset-backed tokens?
Asset-backed tokens are a type of cryptocurrency token whose value is directly tied to an underlying asset. This asset can be physical, like real estate or gold, or digital, like other cryptocurrencies or commodities.
How do asset-backed tokens work?
The issuer of an asset-backed token holds the underlying asset in reserve, and each token represents a claim on a portion of that asset. This often involves a legal framework to ensure the token holder's rights to the underlying asset.
What are the benefits of asset-backed tokens?
Benefits include increased liquidity for traditionally illiquid assets, fractional ownership, transparency through blockchain technology, and the potential for a more stable value compared to unbacked cryptocurrencies due to their tangible backing.
What types of assets can back these tokens?
A wide range of assets can back these tokens, including precious metals (gold, silver), real estate, fiat currencies (stablecoins), commodities, art, intellectual property, and even other cryptocurrencies or portfolios of assets.
Are asset-backed tokens regulated?
The regulatory landscape for asset-backed tokens is evolving. Regulations can vary significantly depending on the jurisdiction and the nature of the underlying asset, often involving securities laws or specific cryptocurrency regulations.