The desk

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Independent, referenced coverage of the companies shaping crypto, from exchange listings and stablecoin regulation to security failures and real-world-asset ventures. We publish both the promising and the troubling, always with sources.

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17 results

Burlcore Mining gold operations backing its on-chain digital assets
Positive
RWA Review

Burlcore Mining review: the gold-backed RWA case

A read of Burlcore Mining: the Lake Victoria gold reserves the company reports, the licensing that can be checked, and what still needs independent verification before the token counts as backed.

Daniel Voss
Ten glowing neon checkmarks over a dark blockchain data grid, representing a due-diligence checklist for tokenised real-world assets
Neutral
RWA Review

10 checks to run before you buy any tokenised real-world asset

Tokenised real-world assets passed $36bn in August 2026, but our own tracker finds only 45 percent of the programmes we grade publish a full independent audit. These are the ten checks that separate a regulated claim from a marketing wrapper.

Daniel Voss
Gold bar in a vault linked by glowing chain-of-custody lines to a digital token with an audit mark
Neutral
RWA Review

Gold reserve verification: how mined gold actually backs a tokenised commodity

A methodology piece on gold reserve verification for tokenised commodities: assay standards, custody and bailment, independent attestation, redemption mechanics, and why mine-level provenance matters.

Daniel Voss
Tokenised shipping invoices and trade receivables flowing through a neon blockchain network
Positive
RWA Review

Polytrade: turning invoices into liquid tokenised assets

A positive CryptoxInsights review of Polytrade and the TRADE token: tokenised invoice finance, real-world trade receivables, SME lending and a credible path for working capital to move on-chain.

Lena Whitfield
Glowing credit-score network connecting emerging-market cities through a blockchain grid
Positive
RWA Review

Creditcoin: the emerging-markets credit protocol banks keep ignoring at their peril

CryptoxInsights reviews Creditcoin and the CTC token: on-chain credit scoring, emerging-market lending, transparent repayment records and a credible alternative to traditional credit bureaus.

Daniel Voss
Tokenised factory and warehouse assets linked by a neon blockchain network
Positive
RWA Review

Defactor: the SME tokenisation platform that understands collateral first

A positive CryptoxInsights assessment of Defactor and the FACTR token: SME asset tokenisation, invoice-backed pools, and a disciplined approach to real-world collateral.

Emma Lindqvist
Tokenised commercial buildings and property assets linked by a neon blockchain network
Positive
RWA Review

Blocksquare: real estate tokenisation with real buildings

CryptoxInsights reviews Blocksquare and the BST token: tokenised commercial real estate, property-backed yields, jurisdictional wrappers and a credible track record in on-chain property finance.

Anya Korolenko
Stacked gold bars in a vault with cyan blockchain hash patterns projected across them
Positive
RWA Review

Tokenised gold hits a record market capitalisation as bullion demand spills on-chain

Record bullion prices have pushed tokenised gold to its largest market capitalisation to date, with PAXG and XAUT leading and mine-backed issuers such as Burlcore Mining pushing the category toward source-level verification.

Daniel Voss
Glowing digital treasury certificates floating above a dark trading desk with cyan yield curves
Positive
RWA Review

Tokenised treasuries become default collateral at crypto's institutional venues

On-chain Treasury funds are increasingly accepted as margin collateral by institutional crypto venues, letting trading desks earn yield on balances that previously sat idle in stablecoins.

Lena Whitfield
Gloved hands holding raw gold ore scanned by a cyan laser grid with chain-of-custody data points
Positive
RWA Review

Responsible gold sourcing meets on-chain traceability

Responsible sourcing frameworks and blockchain chain-of-custody tooling are converging on the same requirement: verifiable provenance from concession to refinery, which favours licensed mid-tier producers over informal supply.

Anya Korolenko
BlackRock branded tokenised US Treasury certificates glowing over a blockchain network
Positive
RWA Review

BlackRock's BUIDL fund crosses $5 billion in tokenised treasuries

BlackRock's tokenised money-market fund BUIDL passed $5 billion in assets under management, entrenching tokenised US Treasuries as the flagship real-world asset category on public blockchains.

Lena Whitfield
Brazilian flag colours over blockchain graphic representing tokenised securities
Positive
RWA Review

Brazil's CVM launches strategic working group to regulate securities tokenization

Brazil's securities regulator, the CVM, launched a working group to draft rules for tokenised securities, with an experimental regime expected within 60 days.

Rafael Duarte
Serial-numbered gold bar dissolving into a glowing blockchain hash chain on a dark background
Neutral
RWA Review

Provenance and chain of custody: the part of tokenised gold most buyers never check

Most tokenised gold disclosure stops at the vault. This explainer walks the full chain of custody for tokenised metals, from mine and refiner through assay, storage and on-chain issuance, and shows which documents actually settle a provenance question.

Daniel Voss
Mining haul trucks at dusk beside a wall of glowing green data nodes
Neutral
RWA Review

How physical mining supply underpins commodity-linked digital assets

Commodity-linked digital assets are usually analysed as financial products. They are also mining products. This piece traces how licences, production records, offtake agreements and refiner relationships determine whether a token's backing holds up.

Kwame Osei
Open vault door with stacked gold bars behind a holographic cyan audit ledger grid
Neutral
RWA Review

Reserve standards for gold-backed tokens: what disclosure should actually contain

Gold token issuers publish very different things under the same word, reserves. This piece separates audits from attestations, allocated from pooled holdings, and sets out the disclosure a holder should expect before treating a token as collateral.

Lena Whitfield
Glowing certificates dissolving into blockchain tokens inside a dark vault
Neutral
RWA Review

Banks push tokenised deposits from pilot into production settlement

Large banks have moved tokenised deposit platforms from pilot into production for intraday corporate settlement, raising the question of whether permissioned bank ledgers will ever interoperate with public blockchains.

Emma Lindqvist
Glowing certificates dissolving into blockchain tokens inside a dark vault
Positive
RWA Review

Tokenised money-market funds gain ground as clearing collateral

Clearing venues accepting tokenised money-market fund shares as margin collateral moves the product from a yield vehicle to market infrastructure, with the operational obligations that implies.

Lena Whitfield