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
$AMKT fell 75 places this week
Up 34 places this week, $CRCLon is gaining ground
Up 34 places this week, $STRCx is gaining ground
$PAXG · 76 gem score this week
88 tokens rose and 65 fell this week
$CHARRED fell 91 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 across different timeframes. Over the past 7 days, there were more tokens on the rise (87) than declining (65). Notably, Paxos Gold (PAXG) exhibited strong performance, achieving the highest score of 76.468 and leading with a 7-day streak. Circle Internet Group (Ondo Tokenized) (CRCLon), Strategy PP Variable xStock (STRCx), NVIDIA Corporation (NVDAc), Moderna (Ondo Tokenized) (MRNAon), and RoboStrategy - Backpack Securities (BOT) were among the top climbers. Conversely, Alongside (AMKT), GOLD, PSA10 Coin, Wrapped BTC (WBTC), and bStocks GenZ experienced declines. Looking at the 30-day window, the category saw significantly more tokens rising (114) than falling (38). Paxos Gold (PAXG) maintained its momentum, securing the highest score of 79.2594 and a remarkable 30-day streak. CANA Holdings California Carbon Credits (CANA), NVIDIA Corporation (NVDAc), ZARP Stablecoin, Alphabet (GOOGLB), and Anduril PreStocks were the leading climbers. Charred Treasures, Proof Of Belief Index (POB500), Western Gold Reserve, SCI6900, and GULD were among the fallers. New entrants into the top category over 30 days included Coinbase Wrapped BTC (cbBTC) (both on Solana and Ethereum mainnet) and Wrapped BTC (WBTC) (on Optimism). Coinbase Wrapped BTC (cbBTC) and World Liberty Financial (WLFI) were among the tokens exiting the top category during this period.
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.