the Real 
World Asset Tokenization Ecosystem
InvestaX is the leading Singapore Licensed Tokenization Software-as-a-Service (SaaS) platform for Real World Asset (RWA) and Security Token Offering (STO). Our sister platform, IX Swap is the "Uniswap for RWA/STO" delivering the world's first market making and liquidity solutions for the industry.
The real world asset (RWA) ecosystem map highlights the key players — platforms, protocols, custodians, and service providers — driving the adoption of RWA tokenization, showcasing the infrastructure enabling secure, compliant, and efficient management of tokenized assets.
Tokenization
Platforms
Tokenization platforms provide technology to tokenize real world assets (RWAs). They can be a technology-only platform or a platform with technology and licenses for the issuance and management of digital tokens of RWAs. 
InvestaX
InvestaX is a tokenization software-as-a-service (SaaS) platform for the issuance and trading of Real World Asset tokens (RWA) for global investors. InvestaX is licensed by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) Licence and Recognized Market Operator (RMO) License.
IX Swap
IX Swap is a tokenization SaaS platform for the issuance and trading of RWA tokens for global investors. IX Swap holds a Digital Assets and Registered Exchange approval from the Securities Commission of The Bahamas.
Obligate
Obligate is a platform for structuring, issuance, and distribution of on-chain debt instruments based in Switzerland.
Securitize
Securitize is a US-Based digital securities issuance platform that provides access for investors to invest in private market digital asset securities.
Black Manta Capital Partners
Black Manta Capital Partners (“BMCP”), based in Germany, operates a regulated investment platform for issuances of digital and tokenized assets in the European capital market.
Tokensoft
Tokensoft is a US-based technology and security platform for companies seeking to issue assets on the blockchain, at scale, and within compliance.f digital and tokenized assets in the European capital market.
tZERO
tZERO offers solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system.
Fireblocks
Fireblocks is a tokenization platform that specializes in the issuance, custody, and transfer of tokenized assets.
Kaleido
Kaleido is a digital asset platform designed to facilitate the creation, management, and tracking of digital assets.
Visa Tokenization
Visa’s tokenization technologies aim to empower banks, merchants and the wider payments ecosystem to boost authorization, drive innovation and create new digital commerce experiences.
Spydra
Spydra's asset tokenization allows companies to tokenize a wide range of assets, including real estate, commodities, intellectual property and financial instruments.
Stobox
Stobox is a tokenization company that provides technology and consulting to help clients leverage digital assets and tokenized securities.
Bitbond
Bitbond provides a tokenization platform that focuses on the tokenization of assets and digital assets technology.
Tokeny
The T-REX platform by Tokeny is a white-label tokenization solution that provides an interface and UX that allows asset owners to digitally and compliantly issue, allocate and manage security tokens.
Blocksquare
Blocksquare provides a blockchain-based real estate tokenization system headquartered in Ljubljana, Slovenia (EU).
Zoniqx
Zoniqx's Tokenization Platform as a Service (TPaaS) is a white-label solution that integrates analytics, algorithms, and transformative technology for asset tokenization.
Onyx
Onyx Digital Assets is an asset tokenization platform you can use to create scalable tokenization-based solutions that meet your needs.
Brickken
Brickken’sToken Suite facilitates creating tokens, managing tokens, and enabling streamlined fundraising campaigns.
Polymath
Polymath is a security token platform to digitize real world assets represented as security tokens and operated through smart contracts. 
Blockchain
Networks &
Protocols
Blockchain networks and protocols enable secure, transparent tokenization by providing the infrastructure and rules for creating, transferring, and managing digital assets. Networks like Base and XDC Network offer decentralized platforms, while protocols define the rules for transaction validation and data security. Smart contracts automate processes, ensuring transparency and immutability, making blockchain essential for tokenizing real-world assets.
XDC Network
XDC Network, a Layer 1, enterprise-grade blockchain protocol, was purposefully built for RWA and enterprise applications. The XDC Network sets a benchmark for digitizing trade finance by enabling the tokenization of diverse trade finance instruments and assets.
Base
Base is a secure, low-cost, builder-friendly Ethereum Layer 2 solution developed by Coinbase. Base has integrated with tokenization platforms like InvestaX to make RWA tokens accessible to millions of users.
Polygon
Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. Polygon has integrated with tokenization platforms like InvestaX to facilitate the widespread adoption of tokenized real-world assets (RWAs) on the Ethereum blockchain.
Kaia
Kaia Blockchain (previously Klaytn) is a Layer 1 blockchain based on EVM (Ethereum Virtual Machine) and has been designed with scalability, convenience, and reliability as top priorities. 
Ethereum
Ethereum is the leading blockchain platform for decentralized applications, offering robust support for tokenization via its smart contract functionality. 
BNB Chain
BNB Chain is a blockchain for Web3 dApps with massive user bases. BNB Chain has integrated with tokenization platforms like InvestaX to facilitate its One-Stop Tokenization Solution in November 2024. 
Avalanche
Avalanche is a decentralized, open-source proof-of-stake blockchain with smart contract functionality.
Solana
Solana's high transaction speed and competitive fees make it an ideal platform for tokenizing real-world assets, from US treasuries to real estate.
Advisory &
Consulting
Services
Advisory and consulting services play a crucial role in the tokenization of real-world assets (RWAs). These services guide businesses through the complexities of the tokenization process, ensuring that legal, regulatory, and operational frameworks are met. Advisors help companies understand the technical aspects, navigate compliance requirements, and develop strategies that maximize efficiency and minimize risks. 
InvestaX
InvestaX‘s advisory service helps businesses tokenize real-world asset legally, compliantly, and cost-efficiently.
Stobox
Stobox’s digital asset consulting service helps businesses develop and implement digital asset solutions for their enterprise.
Compliance
& Regulatory
Services
Compliance and regulatory services are essential for ensuring that tokenization efforts meet all legal and regulatory standards. Service providers in this field work to ensure that tokenized assets comply with both local and international laws, minimizing risks and protecting both businesses and investors.
ComplyCube
ComplyCube provides Identity Verification (IDV), Anti-Money Laundering (AML), and Know Your Customer (KYC) compliance solutions.
DLA Piper
Advised on the tokenization of a $100 million private equity fund by the asset manager KKR
Aird Berlis
Aird Berlis is a Canada-based law firm, advising on blockchain, ICOs & STOs, tokenization of securities and capital markets transactions.
Annerton
Annerton is a Germany regulatory law firm, advising on Security Token Offerings (STO), crypto and digitisation.
Baker McKenzie
Baker McKenzie is a Chicago-based law firm. In December 2022, Baker McKenzie advised UBS AG on a transnational digital securities issuance using the distributed ledger technology (DLT).
Herbert Smith Freehills
Herbert Smith Freehills Spain advises Red eléctrica corporación on the world's first syndicated  €150 million loan based on blockchain.
Linklaters
Linklaters is a London-based law firm. Linklaters advised the residential real estate company Vonovia SE on the issuance of the company's first fully digital registered bond of € 20 million.
Bryan Cave Leighton Paisner
Bryan Cave Leighton Paisner LLP (BCLP) is an international law firm with 31 offices worldwide. BCLP advises tZero on its enterprise-level blockchain solutions including token issuance, management and trading.
Primary
Distribution
Platforms
Primary distribution platforms are essential in tokenization, facilitating the initial offering and sale of tokenized assets to investors. These platforms streamline the issuance process, manage investor onboarding, and ensure compliance, providing businesses with efficient, secure access to capital markets.
InvestaX
InvestaX is a Singapore-based tokenization platform and broker-dealer. InvestaX holds a Capital Markets Services (CMS) License from MAS to facilitate the primary offer and issuance of securities.
IX Swap
IX Swap operates a RWA launchpad for initial sales of RWA tokens. IX Swap holds a Digital Assets and Registered Exchange approval from the Securities Commission of The Bahamas.
Oasis Pro Markets
Oasis Pro Markets is a US-based digital asset securities exchange that lets investors invest in digital securities through their FINRA registered marketplace.
Obligate
Obligate is a Switzerland-based tokenized bond exchange. Obligate AG is a member of VQF, a Swiss FINMA regulated AML SRO.
ADDX
ADDX is a Singapore-based private market investment platform that enables investors to invest in Private Equity, Hedge Funds, and Real Estate in fractions.
Securitize
Securitize is a US-Based digital securities issuance platform that allows companies and funds to raise capital through its primary marketplace.
Assetera
Securitize is a US-Based digital securities issuance platform that allows companies andAssetera is a regulated platform for digital securities in the EU. Assetera is specialized in primary and secondary marketplace operation for digital securities and digital assets. funds to raise capital through its primary marketplace.
Hong Kong Virtual Asset Exchange (HKVAX)
HKVAX operates a regulated, Hong Kong-based virtual asset platform specializing in OTC trading, security token offerings, and real-world asset tokenization.
Chintai
Chintai is a Singapore-based tokenization platform with a primary and secondary marketplace for RWA token investment and trading. Chintai holds a Capital Markets Services (CMS) license from MAS.
Secondary
Trading
Platforms
Secondary trading platforms are vital for the liquidity of tokenized assets, enabling investors to buy and sell tokens after the initial issuance. These platforms facilitate secure and compliant transactions, support price discovery, and enhance market accessibility, giving investors flexibility and a pathway to exit their investments.
InvestaX
InvestaX operates a regulated secondary marketplace for RWA tokens under a Recognized Market Operator (RMO) license issued by MAS.
IX Swap
IX Swap operates a decentralized exchange (DEX) for RWA token trading, licensed for retail investors.
Oasis Pro Markets
Oasis Pro Markets has developed the first US-regulated alternative trading system (“ATS”), OATSPRO, authorized to allow subscribers to trade digital ("blockchain") securities and make payment for those digital securities in digital cash (i.e. stable coins) or fiat. 
ADDX
ADDX operates a secondary trading platform that provides investors the opportunity to exit selected holdings, partially or fully.
Assetera
Assetera operates a Europe's first regulated secondary marketplace operation for tokenized real-world assets (RWAs). Assetera is Austria-based and regulated by the Austrian Financial Market Authority (FMA).
Archax
Archax operates an institutional-grade digital securities exchange for tokenized real-world asset trading. Archax is UK-based and regulated by the FCA as an exchange, broker and custodian for digital assets. 
Automated
Market Maker
(AMM)
One of the most significant value propositions of tokenizing real-world assets lies in connecting them to the DeFi (Decentralized Finance) ecosystem. By leveraging liquidity pools and Automated Market Makers (AMMs), investors to buy or sell assets without needing a counterparty. This can be especially valuable in real estate or private equity markets where liquidity is often lacking. 
IX Swap
IX Swap is the world's first AMM for security tokens. IX Swap allows any investor holding a security token to start their first liquidity pool legally and compliantly at a very low cost to provide liquidity for RWA token trading.
Oasis Pro Markets
Oasis Pro Markets has developed the first US-regulated alternative trading system (“ATS”), OATSPRO, authorized to allow subscribers to trade digital ("blockchain") securities and make payment for those digital securities in digital cash (i.e. stable coins) or fiat. 
DigiFT
DigiFT is a regulated decentralized exchange enabling tokenized assets trading with AMM technology, providing seamless liquidity for RWA markets.
RWA DeFi
Applications
Decentralized Finance (DeFi) is reshaping traditional finance through blockchain technology, enabling peer-to-peer transactions and automated services via smart contracts. In the RWA tokenization ecosystem, DeFi not only enhances efficiency and transparency but also unlocks new use cases for tokenized assets. By integrating real-world assets with DeFi applications, investors gain access to diverse financial opportunities, from lending and borrowing to liquidity provision, creating a more dynamic and inclusive financial landscape.
Maple
Maple is a decentralized corporate debt platform enabling institutions to borrow from liquidity pools, offering sustainable RWA yields in DeFi.
Centrifuge
Centrifuge’s RWA Market gives users the ability to lend and borrow against eligible pool tokens.
Goldfinch
Goldfinch connects DeFi's global liquidity pools to corporate lending, the leading form of off-chain lending, secured by real-world assets.
ClearPool
Clearpool is a premier decentralized credit marketplace. Clearpool’s Ozean, an RWA yield chain on Optimism, enables native on-chain yield and seamless integration of RWA in DeFi
Credix Finance
CREDIX is a decentralized credit marketplace connecting investors with FinTechs in emerging markets.
TrueFi
TrueFi is DeFi's first credit protocol. Lenders enjoy predictable, transparent yields on real world and crypto-native lending.
RainFi
Rain.fi is a lending protocol on Solana with NFTs, DeFi Tokens and RWAs as collateral.
Oceanpoint
Oceanpoint is a DeFi platform enabling users to earn yields by staking and supporting tokenized real estate, bridging real-world assets with decentralized liquidity pools.
Defactor
Defactor provides a comprehensive decentralized open-source toolkit for asset tokenization, enabling businesses to access DeFi liquidity backed by real-world value.
Custodians
& Wallet
Solutions
Custodians and wallet solutions are cornerstone infrastructures for Real World Asset (RWA) tokenization. Custodians safeguard the underlying physical and digital assets, ensuring regulatory compliance and secure asset management, which are critical for building investor trust. Wallets, on the other hand, empower users with secure access to their tokenized assets, enabling seamless transactions, storage, and interaction with decentralized finance (DeFi) platforms.
Cactus Custody
Cactus Custody is  a leading institutional digital asset custody provider and a licensed  Hong Kong Trust Company (License No.: TC006789), and exempted by the Monetary Authority of Singapore (MAS).
Metamask
A leading Web3 wallet enabling users to securely store, manage, and transact tokenized RWAs while interacting with DeFi platforms and dApps.
HexTrust
Hex Trust offers fully regulated institutional digital asset Custody, Staking and Markets services to builders, investors and service providers.
Tangany
Tangany’s Wallet-as-a-Service (WaaS) core custody solution offers maximum security and flexibility for digital assets.
Fordefi
Fordefi's MPC wallet is an all-in-one solution for digital assets management, providing provides users control over their assets and transparency into their activities with on-chain transactions.
Onyze
Onyze is a digital assets custody platform & Crypto-assets as a Service that offers security & tech infrastructure for third parties.
Data
Aggregators
Data aggregators are essential for the growth and transparency of the RWA tokenization ecosystem. Platforms like RWA.xyz and Security Token Market compile, organize, and present critical data on tokenized assets, offering investors and issuers valuable insights. By creating centralized repositories of information, they enable better decision-making, enhance market efficiency, and promote trust through increased visibility. These aggregators bridge the information gap, supporting the ecosystem’s scalability and maturity.
RWA.xyz
RWA.xyz provides analytics on tokenized real-world assets. View protocol statistics, industry aggregate metrics, and the issuers all in one place.
Security Token Market
Security Token Market is a global hub of security token data & research. The platform provides comprehensive tracking of tokenized RWA and security tokens, including trading volumes, prices, market performance, and issuer details.
Inveniam
Inveniam.io is the data operating system that delivers access, transparency, and trust in the value and performance data for private market assets.
Moody's
Moody's Analytics provides financial insights, exploring tokenization and integrating on-chain and traditional data to enhance transparency and risk management for RWAs.
RWA Inc.
The RWA Hub, launched by RWA Inc. provides a centralized space for users to stay informed about the latest developments, events, and opportunities within the RWA ecosystem