About
Glassnode Tokenization is a reference registry for tokenized real-world assets, the market often shortened to RWA or simply tokenization. It maps traditional assets — equities, government debt, funds, commodities — to the tokenized representations of them we can source from the issuer: the issuer, the product, and each blockchain deployment where the product exists. Coverage is not exhaustive, and an issuer that publishes no contract addresses cannot be recorded here at all.
It answers a simple question for anyone who needs it answered reliably — from analysts, asset managers, and issuers to individual investors: where does a traditional asset exist in tokenized form, and who stands behind each representation?
A product enters the registry only from a source the issuer itself publishes — its documentation, its API, or a regulatory filing. Chain data is used to confirm an address the issuer has already published, never to discover one. Where an issuer publishes nothing, the gap is recorded rather than filled from a third party.
How the registry is organized
- Asset — the real-world thing itself: Tesla, Inc. stock, a U.S. Treasury bill, physical gold. It exists in traditional markets, not on a blockchain. One entry per real-world asset, no matter how many parties tokenize it.
- Issuer — a company that creates tokenized versions of assets. It holds the real asset with a custodian and issues tokens against it.
- Product — one issuer's specific tokenized version of one asset. Two issuers tokenizing Tesla produce two distinct products of the same asset, each with its own legal wrapper and backing arrangement.
- Deployment — one product's contract on one specific blockchain. A product issued on several chains has several deployments, each with its own contract address.
- Venue — a centralized exchange where a product trades.
- Derivative — a perpetual, dated future or option referencing an asset's price on a crypto venue. Unlike a product, it provides synthetic price exposure only — no ownership, backing, or redemption.
Putting it together: a single asset can be tokenized by several issuers; each issuer offers its own product; each product is deployed on one or more blockchains; and some products are also listed on trading venues. Tesla, for example, is one asset tokenized by seven different issuers, each with its own product and its own legal claim.
Ingestion runs on weekday mornings (UTC), so figures shown reflect the most recent weekday run — on a Monday, that is Friday's data. The date in the header is the most recent evidence of any kind; individual deployments carry their own chain-read date, and many have not been read since they were first recorded.