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
$USOH fell 1,020 places this week
$MILF fell 685 places this week
Up 182 places this week, $GDWR is gaining ground
$VDOR fell 92 places this week
$CANA sank to a 0 gem score this week
$PAXG · 79 gem score this week
1,237 tokens rose and 144 fell this week
@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.
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Frequently asked questions
How has Asset-Backed performed recently?
The Asset-Backed category has seen significant activity over both the 7-day and 30-day windows, with 1237 tokens experiencing an 'up' breadth compared to 144 'down' tokens in both periods. Paxos Gold (PAXG) was a standout, maintaining a 7-day streak as the streak leader and also registering the maximum score of 78.6581. On the climbing side, Global Digital Water Reserve (GDWR) and BaseGold (BG) were notable, with GDWR gaining 182 rank positions and BG moving up 66 positions over both 7 and 30 days. Nebius Group (Ondo Tokenized) (NBISon), Global Digital Oil Reserve (GDOR), and United States Oil Trust (USOT) also showed positive rank movement. Conversely, United States Oil Holdings (USOH) and Multi Index Liquidity Fund (MILF) were significant fallers over both periods, with USOH dropping 1020 rank positions and MILF falling 685 positions. Other fallers included Digital Oil Reserve🔥🔥9 (VDOR), FWA Reserve (FWAres), and LEAN. CANA Holdings California Carbon Credits (CANA) recorded the minimum score of 0.0 in both windows.
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.