The Register · eligibility files
Eligibility files
95 tokenized programs on file. Each file states what the holder owns, who may hold it under the issuer’s own terms, who can freeze or claw back, and how it exits. One file per program. Research and shelf status stay on the linked memo. Who holds the keys, program by program · Tokenized stocks, ticker by ticker · The files as data
| Program | Who may hold | Issuer powers | ||||||
|---|---|---|---|---|---|---|---|---|
| File | Token | Kind | Investor | Minimum | Freeze | Claw back | Chains | |
| Anchored aStocks (trust receipts by Anchored Capital Ltd, BVI, over Anchored Finance SPC fund shares; ”a” tickers) | aBIL aHOOD aAAPL aNVDA aMSFT aGOOGL aMETA aASML | Mixed | Not offered to US persons | $100,000 | Unverified | Ethereum, Base, Arbitrum, Monad | ||
| Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX) | ACRDX | Credit fund | Not offered to US persons | $500,000 | Yes | Ethereum, Base, Plume Mainnet, Monad, OP Mainnet, Solana | ||
| Apollo Diversified Credit Securitize Fund (ACRED) | ACRED | Credit fund | US accredited investors | $50,000 | Yes | Ethereum, Solana | ||
| ARK Venture Fund (ARKVX), tokenized by Securitize | ARKVX | Mixed | US retail investors | $500 | Yes | Ethereum | ||
| Backpack Securities stock tokens (trust receipts by Trek Nexus Markets Ltd, BVI, on Solana) | SPCX MU SNDK DRAM HOOD INTC NKE MSTR | Mixed | Not offered to US persons | $1 | Yes | Solana | ||
| Bitwise Crypto Carry Fund (USCC) | USCC | Mixed | US qualified purchasers | $100,000 | Yes | Ethereum, Plume Mainnet, Solana | ||
| BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (RSVXX), BRSRV token | BRSRV | Money-market fund | US retail investors | $3,000,000 | Yes | Ethereum, Solana, Tempo | ||
| BlackRock Select Treasury Based Liquidity Fund, OnChain Shares (DOLXX), BSTBL token | BSTBL | Money-market fund | US retail investors | $3,000,000 | Yes | Ethereum | ||
| BlackRock USD Institutional Digital Liquidity Fund (BUIDL and the I Class, BUIDL-I) | BUIDL BUIDL-I | Treasury fund | US qualified purchasers | $5,000,000 | Yes | Ethereum, Solana | ||
| Blockchain Capital Token (BCAP) | BCAP | Mixed | US accredited investors | Not stated | Yes | ZKsync Era, Ethereum | ||
| BNY Dreyfus On-Chain Liquidity Fund (BCLXX), BLIQUID token | BLIQUID | Money-market fund | US accredited investors | $3,000 | ||||
| bStocks (certificates by BTech Holdings Ltd, a Binance group company, ”B” tickers) | CRCLB SPCXB MSTRB MUB NVDAB BNCB GOOGLB DRAMB | Mixed | Not offered to US persons | Not stated | Yes | BSC | ||
| bTokens (tracker certificates by Backed Assets (JE) Limited, ”b” tickers, winding down) | bCSPX bIB01 bC3M bCOIN bIBTA bNVDA bTSLA bHIGH | Mixed | Not offered to US persons | $6,076 | Yes | Ethereum, Polygon, Arbitrum, Avalanche, BSC, Gnosis, Fantom, Sonic, Base, Solana | ||
| Circle USYC | USYC | Treasury fund | Not offered to US persons | $100,000 | Yes | Ethereum, Solana | ||
| Coinbase Tokenized Stock (certificates by Coinbase Onchain SPV Ltd, ADGM, ”c” tickers on Base) | NVDAc GOOGLc METAc AAPLc MSFTc AMZNc SPCXc SNDKc | Stock | Not offered to US persons | Not stated | Yes | Base | ||
| Coinbase USD Stablecoin Yield Fund (CUSHY) | CUSHY | Credit fund | US qualified purchasers | $100,000 | Yes | Solana, Base | ||
| CURRENC Group ordinary shares in token form (Securitize, on Solana, Avalanche and Ethereum) | CURR | Stock | US retail investors | Not stated | Yes | Solana, Avalanche, Ethereum | ||
| DeedFlow Royalty Revenue Bonds, Series 2026 | RRB-2026 | Note | US retail investors | $2,500 | ||||
| deJAAA (Open Market Factory notes linked to JAAA) | deJAAA | Note | Not offered to US persons | $10,000 | Yes | Ethereum, Base, Arbitrum, Avalanche, BSC, Monad, Solana, Stellar | ||
| Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA) | ULTRA | Treasury fund | US qualified purchasers | $200,000 | No | Ethereum, Arbitrum | ||
| DGLD (Gold Token SA) | DGLD | Commodity | US retail investors | Not stated | Yes | Ethereum, Base, Solana | ||
| DigiFT security tokens (iSNR, bEQTY, pEAK, CMBMINT and others) | iSNR bEQTY pEAK pEAK.BTC1025 pSPAX hBNB DYNA DMMF01 FLOWC0526 JX CMBMINT CMBBOND GOLDX | Mixed | Not offered to US persons | Not stated | Yes | Ethereum, Arbitrum, BSC, Plume Mainnet | ||
| Dinari dShares (tokenized US stocks and ETFs) | USFR JAAA MSTR NVDA STRC NKE TSLA ASST | Mixed | Not offered to US persons | Not stated | Yes | Arbitrum, Base, Ethereum, Plume Mainnet | ||
| Dominion Silver (SILV) | SILV | Commodity | Not offered to US persons | Not stated | Yes | Solana | ||
| Draggable Aktionariat AG Shares (DAKS: the issuer’s own registered shares as Swiss ledger-based securities on Ethereum) | DAKS | Stock | US retail investors | Not stated | No | Ethereum | ||
| DTC Tokenization Service: tokenized security entitlements to DTC-held stocks, ETFs, and Treasuries | SPY QQQ | Mixed | US retail investors | Not stated | ||||
| Etherfuse Stablebonds (credit claims on sovereign bonds bought through Mexican brokers: CETES, USTRY, TESOURO, KTB, GILTS, EUROB) | CETES USTRY TESOURO KTB GILTS EUROB | Note | Not offered to US persons | Not stated | No | Solana, Stellar, Base, Polygon, Monad | ||
| Exodus Movement Class A common stock tokens (Securitize on Algorand; Superstate on Solana) | EXOD | Stock | US retail investors | Not stated | Yes | Algorand, Solana | ||
| Fidelity International USD Digital Liquidity Fund (FILQ-A, FILQ-D) | FILQ-A FILQ-D | Money-market fund | Not offered to US persons | $100,000 | Yes | Ethereum | ||
| Fidelity Treasury Digital Fund, OnChain class (FYOXX), FDIT token | FDIT | Money-market fund | US accredited investors | $1,000,000 | Yes | Ethereum | ||
| Figure Technology Solutions Series A Blockchain Common Stock (FGRS) | FGRS | Stock | US retail investors | Not stated | Unverified | Provenance | ||
| Figure YLDS (Figure Transferable Certificates) | YLDS | Note | US retail investors | $0.01 | Yes | Provenance, Stellar | ||
| Finest fGLD | fGLD | Commodity | US retail investors | Not stated | No | Cardano | ||
| Franklin OnChain Institutional Liquidity Fund (iBENJI) | iBENJI | Money-market fund | US qualified purchasers | $5,000,000 | Yes | Ethereum, BSC | ||
| Franklin OnChain U.S. Government Money Fund (FOBXX), BENJI token | BENJI | Money-market fund | US retail investors | $20 | Yes | BSC, Stellar, Ethereum, Polygon, Arbitrum, Avalanche, Base, Solana, Aptos | ||
| GoldZip (XGZ) | XGZ | Commodity | US retail investors | Not stated | Yes | Ethereum | ||
| Hamco Tokenized Pan-Asia Private Equity Fund | Hamco Pan-Asia PE | Mixed | Not offered to US persons | Not stated | ||||
| Hamilton Lane Equity Opportunities Securitize Fund V (HLEOVUS) | HLEOVUS | Mixed | US qualified purchasers | $20,000 | Unverified | Polygon | ||
| Hamilton Lane Secondary VI Securitize Fund (HLSF6) | HLSF6 | Mixed | US qualified purchasers | $20,000 | Unverified | Polygon | ||
| Hamilton Lane Senior Credit Opportunities Securitize Fund (HLSCOPE) | HLSCOPE | Credit fund | US qualified purchasers | $10,000 | Yes | Polygon, Ethereum | ||
| Herculis Gold Coin (XAUH) | XAUH | Commodity | US retail investors | Not stated | Yes | Ethereum, TON | ||
| Invesco Short Duration US Government Securities Fund (USTB) | USTB | Treasury fund | US qualified purchasers | $100,000 | Yes | Ethereum, Solana, Plume Mainnet | ||
| Janus Henderson Anemoy AAA CLO Fund (JAAA) | JAAA | Credit fund | Not offered to US persons | $500,000 | Yes | Ethereum | ||
| Janus Henderson Anemoy Treasury Fund (JTRSY) | JTRSY | Treasury fund | Not offered to US persons | $500,000 | Yes | Ethereum | ||
| Kinesis gold on Ethereum (ERC-20 KAU, KMS Labs) | KAU | Commodity | US retail investors | Not stated | Yes | Ethereum | ||
| Kinesis silver on Ethereum (ERC-20 KAG, KMS Labs) | KAG | Commodity | US retail investors | Not stated | Yes | Ethereum | ||
| Lofty property shares (one Algorand asset per rental property) | LFTY0001 LFTY 27 Pillar Ln LFTY 1048 Hilton Rd LFTY 2964 Wausa Way | Real estate | US retail investors | Not stated | No | Algorand | ||
| Matrixdock Gold (XAUm) | XAUm | Commodity | US retail investors | $10,000 | Yes | Ethereum, BSC, Solana, Plume Mainnet, Hyperliquid L1, Sui, Stellar | ||
| Matrixdock Silver (XAGm) | XAGm | Commodity | US retail investors | $10,000 | Yes | Ethereum, Sui | ||
| Midas mTBILL | MTBILL | Note | Not offered to US persons | $1 | Yes | Ethereum, Base | ||
| Neuberger Securitize High Income Tokenized Fund (HINC) | HINC | Credit fund | US qualified purchasers | $100,000 | Yes | Ethereum, Avalanche, Solana | ||
| Nomyx Revenue Participation Bonds, Series 2026 (Bond Tokens) | Bond Token | Note | US retail investors | $2,000 | ||||
| Obligate Trade Finance Yield (oTFY) | oTFY | Note | Not offered to US persons | $100,000 | Yes | Solana | ||
| Ondo Global Markets (tokenized stocks and ETFs, ”on” tickers) | CRCLon IVVon SPYon MUon NVDAon QQQon MSTRon HIMSon | Note | Not offered to US persons | $1 | Yes | Ethereum, BSC, Solana, Hyperliquid L1 | ||
| Ondo Intelligent Portfolios (seven portfolio tokens, ”on” tickers) | MAG7Xon BRAINon YLD5on YLD8on BLKHIon BLKDIGon BLKGRWon | Note | Not offered to US persons | Not stated | No | Ethereum, BSC | ||
| Ondo Short-Term U.S. Government Treasuries (OUSG) | OUSG | Treasury fund | US qualified purchasers | $5,000 | Yes | Ethereum, Polygon, Solana | ||
| Ondo U.S. Dollar Yield (USDY, rUSDY, mUSD) | USDY rUSDY mUSD | Note | Not offered to US persons | Not stated | Yes | Ethereum, BSC, Mantle, Solana, Sui, Aptos, Noble, Arbitrum, Stellar, Plume Mainnet, Sei, Tempo | ||
| OnRe Tokenized Reinsurance (ONyc) | ONyc | Mixed | Not offered to US persons | Not stated | Yes | Solana | ||
| OpenEden TBILL | TBILL | Treasury fund | US accredited investors | $100,000 | No | Ethereum, Arbitrum | ||
| OpenTrade Loan Vaults (XMMF, XTBT, XEVT, XFTB, XHYC) | XMMF XMMF-USDT XTBT XEVT XFTB XHYC XHYCB | Note | US accredited investors | Not stated | No | Ethereum, Avalanche, Plume Mainnet | ||
| PAX Gold (PAXG) | PAXG | Commodity | US retail investors | Not stated | Yes | Ethereum, Solana | ||
| Pleasing Gold (PGOLD) | PGOLD | Commodity | US retail investors | Not stated | Yes | Arbitrum, Ethereum | ||
| RealT RealTokens (per-property rental interests, in liquidation) | REALTOKEN-S-15777-ARDMORE-ST-DETROIT-MI REALTOKEN-S-14319-ROSEMARY-ST-DETROIT-MI REALTOKEN-S-14078-CARLISLE-ST-DETROIT-MI | Real estate | Not offered to US persons | $50 | Yes | Gnosis | ||
| RealUnit Shares (REALU: RealUnit Schweiz AG’s registered shares as Swiss ledger-based securities on Ethereum) | REALU | Stock | Not offered to US persons | Not stated | Yes | Ethereum | ||
| Republic pre-IPO notes on Bitget IPO Prime (preOPAI, preSPCX) | PREOPAI PRESPCX | Note | Not offered to US persons | $100 | Yes | Solana | ||
| Robinhood Stock Tokens (tracker certificates by Robinhood Assets (Jersey) Limited on Robinhood Chain) | SPY NVDA SPCX META GOOGL QQQ AAPL TSLA | Note | Not offered to US persons | None | Yes | Robinhood Chain | ||
| rTokens (Reality, Bitget’s issuance platform; listed on CoinGecko as ”rStock”) | rCRCL rMSTR rGOOGL rMU rINTC rSNDK rMRNA rSTRC | Note | Not offered to US persons | Not stated | Yes | Arbitrum, Morph | ||
| Securitize Tokenized AAA CLO Fund (STAC) | STAC | Credit fund | US accredited investors | $100,000 | Yes | Ethereum | ||
| SilverTimes Token (STT) | STT | Commodity | US retail investors | Not stated | Yes | Ethereum | ||
| Spiko Digital Assets Cash and Carry Fund (SPKCC, eurSPKCC) | SPKCC eurSPKCC | Note | Not offered to US persons | $114,110 | No | Ethereum, Arbitrum, Polygon, Base | ||
| Spiko SICAV: US T-Bills, EU T-Bills, and Amundi Overnight Swap Funds (USTBL, EUTBL, SAFO) | USTBL EUTBL SAFO eurSAFO gbpSAFO | Mixed | Not offered to US persons | $1 | No | Ethereum, Arbitrum | ||
| ST0x tokenized stocks and ETFs (S01 Issuer GmbH debt tokens on Base; traded as wt- vault shares) | wtSPYM wtCOIN wtSGOV wtFGI wtNKE wtGRND wtWEN wtNVDA | Mixed | Not offered to US persons | $1 | No | Base | ||
| STRATO Gold and Silver (GOLDST, SILVST) | GOLDST SILVST | Commodity | US retail investors | Not stated | No | STRATO, Ethereum | ||
| Streamex GLDY | GLDY | Commodity | US accredited investors | $1 | Yes | Base | ||
| Superstate Opening Bell (tokenized common stock of listed companies) | GLXY FWDI SBET HSDT | Stock | US retail investors | Not stated | Yes | Solana, Ethereum, Linea | ||
| Switzerlend AG C1 Shares SHA (LENDS: preferred shares of the lend.ch lending platform as Swiss ledger-based securities, locked in a drag-along contract) | LENDS | Stock | US retail investors | Not stated | No | Ethereum | ||
| Sygnum FIUSD (Fidelity Institutional Liquidity Fund, US Dollar Fund, Class G Acc) | FIUSD | Money-market fund | Not offered to US persons | None | Yes | ZKsync Era, Arbitrum | ||
| Tenbin Gold (tGLD) | tGLD | Note | Not offered to US persons | Not stated | No | Ethereum | ||
| Tessera T-Tokens (loans to Panama issuers repaid from SpaceX, Kalshi, and OpenAI exposure) | TSPACEX TKALSHI TOPENAI | Note | Not offered to US persons | Not stated | Yes | Solana | ||
| Tether Gold (XAUT) | XAUT | Commodity | Not offered to US persons | Not stated | Yes | Ethereum | ||
| Theo Short Duration US Treasury Fund (thBILL) | thBILL | Treasury fund | Not offered to US persons | Not stated | No | Ethereum, Arbitrum, Base, Hyperliquid L1 | ||
| Token Teknoloji Gram Gold and Gram Silver (GRAMG, GRAMS) | GRAMG GRAMS | Commodity | US retail investors | Not stated | Yes | Avalanche, Ethereum, Polygon | ||
| Tokenized SECZ (Securitize Corp. common stock, issuer-tokenized on Avalanche and Solana) | SECZ | Stock | US retail investors | Not stated | Yes | Avalanche, Solana | ||
| Tradable private-credit deal tokens | PC0000031 PC0000033 PC0000015 PC0000085 PC0000101 PC0000019 PC0000023 PC0000049 | Note | US accredited investors | $5,000,000 | No | ZKsync Era | ||
| UBS USD Money Market Investment Fund Token (uMINT) | uMINT | Money-market fund | Not offered to US persons | $1,000 | Yes | Ethereum | ||
| USDM1 (Republic of the Marshall Islands tokenized secured bonds, redeemable at one US dollar) | USDM1 | Note | Not offered to US persons | Not stated | Yes | Ethereum | ||
| USDtb (Anchorage Digital Bank) | USDtb | Payment stablecoin | US retail investors | Not stated | Yes | Ethereum, Solana | ||
| VanEck Treasury Fund (VBILL) | VBILL | Treasury fund | US qualified purchasers | $1,000,000 | Yes | Ethereum, Solana | ||
| VNX Gold (VNXAU) | VNXAU | Commodity | US retail investors | Not stated | Yes | Ethereum, Base, Polygon, Etherlink, Solana, Tezos, Stellar | ||
| wemakeit AG shares (WMKT: a Swiss crowdfunding platform’s registered shares as ledger-based securities on Ethereum) | WMKT | Stock | US retail investors | Not stated | No | Ethereum | ||
| WisdomTree 500 Digital ETF | ETF | US retail investors | Not stated | |||||
| WisdomTree Treasury Money Market Digital Fund (WTGXX) | WTGXX | Money-market fund | US retail investors | $1 | Yes | Ethereum | ||
| XAUt0 (Tether Gold on the USDT0 Network) | XAUt0 | Commodity | Not offered to US persons | Not stated | Yes | Arbitrum, Avalanche, BSC, Celo, Polygon, Monad, Plasma, Ink, Hyperliquid L1, Solana, Conflux, Stable, TON | ||
| xStocks (tracker certificates by Backed Assets (JE) Limited, ”x” tickers) | STRCx MSTRx CRCLx TSLAx SPYx SPCXx NVDAx QQQx | Note | Not offered to US persons | $5,000 | Yes | Ethereum, Solana, Arbitrum, BSC, OP Mainnet, Mantle, Ink, Hyperliquid L1, X Layer, TON, Tron | ||
| xU3O8 (uranium.io) | xU3O8 | Commodity | US retail investors | Not stated | Yes | Etherlink | ||
What the files cover
The files cover $23B of the $23B in tokenized funds, commodities, stocks, and credit that CoinGecko listed on 2026-09-24, 100% by market cap. 38 more listed tokens are left out, each for the reason listed below; the largest is Figure Heloc ($24B), loan records Figure keeps on its own Provenance chain. They are counted by the issuer as originated loans, not tokens an investor wallet holds or moves, so they would swamp the measure without being holdable. A token counts as on file when its contract is in a file, or when its program’s file covers every ticker the program issues.
| Kind | On file | Listed | Share |
|---|---|---|---|
| Treasury, money-market, and other funds | $12B | $12B | 100% |
| Gold, silver, and other commodities | $5.3B | $5.3B | 100% |
| Stocks and ETFs | $3.2B | $3.2B | 100% |
| Credit | $2.5B | $2.5B | 100% |
What is left out, and why
CoinGecko lists these tokens in its asset categories, but they do not count toward either figure above. Each one carries the reason and the evidence.
| Reason | Tokens | Market cap |
|---|---|---|
| Not a tokenized asset | 10 | $24B |
| A copy of another program’s token | 2 | $322 |
| No named issuer or legal claim | 16 | $121M |
| No supply or no trading | 6 | $350M |
| Wraps a token already counted | 4 | $118M |
Not a tokenized asset: every token (10)
| Token | Market cap | Reason |
|---|---|---|
| Figure Heloc FIGR_HELOC | $24B | Loan records Figure keeps on its own Provenance chain. They are counted by the issuer as originated loans, not tokens an investor wallet holds or moves, so they would swamp the measure without being holdable. |
| Brickken BKN | $11M | A platform utility token used to pay fees and stake on Brickken; it carries no claim on a commodity. |
| Verified Emeralds VEREM | $8M | The issuer calls the emeralds a reserve “not for direct pricing”; the token carries DAO votes only. |
| Gold DAO GOLDAO | $4M | A governance token; Gold DAO’s gold-backed token is GLDT, a separate program. |
| RealToken Ecosystem Governance REG | $475K | RealT’s REG is the RealToken Ecosystem Governance token; it carries votes, not a claim on any property. RealT’s property tokens are not listed with a market cap. |
| Coinbase Tokenized Stock Defichain DCOIN | $297K | A DeFiChain dToken: anyone mints it against crypto collateral in a vault, and its price is set by trading on DeFiChain. No company issues it and no holder has a claim on a share. It has nothing to do with Coinbase’s own tokenized stocks. |
| Tesla Tokenized Stock Defichain DTSLA | $91K | A DeFiChain dToken: anyone mints it against crypto collateral in a vault, and its price is set by trading on DeFiChain. No company issues it and no holder has a claim on a share (blog.defichain.com, “Decentralized Assets like dTSLA simply explained”). |
| SPDR S&P 500 ETF Trust Defichain DSPY | $78K | A DeFiChain dToken: anyone mints it against crypto collateral in a vault, and its price is set by trading on DeFiChain. No company issues it and no holder has a claim on a fund share. |
| LABS ON GOLD LAB | $4K | A meme token launched on FLAP.SH with a golden retriever mascot. Its site (labsongold.com) says holders get XAUT rewards from trading taxes, not ownership of any gold. |
| OpenAI (Gate Pre-IPO) OPENAI | $0 | An entry on Gate’s own books, not a token: Gate sells OpenAI “asset certificates” that trade only inside its Pre-IPO section, and CoinGecko lists no contract for them. |
A copy of another program’s token: every token (2)
| Token | Market cap | Reason |
|---|---|---|
| Token Teknoloji A.Ş. ONS Silver ONSS | $322 | ONSS is backed by Gram Silver (GRAMS) tokens that Token Teknoloji holds in a reserve wallet, not by metal of its own, so it wraps GRAMS. |
| Token Teknoloji A.Ş. ONS Gold ONSG | $0 | ONSG is backed by Gram Gold (GRAMG) tokens that Token Teknoloji holds in a reserve wallet, not by metal of its own, so it wraps GRAMG. |
No named issuer or legal claim: every token (16)
| Token | Market cap | Reason |
|---|---|---|
| Goldfish Gold GGBR | $87M | I-ON Digital’s own 10-Q says GGBR only leases its collateral tokens and I-ON keeps ownership of them; no trust deed or backing document gives a holder a claim on the Arizona gold the site describes. |
| Anthropic PreStocks ANTHROPIC | $8M | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Cea Industries BNC4 | $7M | Four.meme’s “4Stock” token for Cea Industries. Its docs and terms name no legal entity, custodian, or holder claim, and redemption is “coming soon.” |
| SpaceX PreStocks SPACEX | $5M | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| OpenAI PreStocks OPENAI | $4M | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Comtech Gold CGO | $3M | No token terms or contract address are published, and the issuer’s site was under maintenance on 2026-09-23, so no document states what a holder owns. |
| aptUSD APTUSD | $2M | Apyx’s terms, published by Preference Capital (BVI) Ltd., say its tokens are claims “against the respective Protocol modules holding certain assets”, not against any company or person (docs.apyx.fi/resources/terms-of-service). |
| Anduril PreStocks ANDURIL | $2M | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Gold Token GLDT | $849K | Gold DAO’s terms name no legal issuer for GLDT and say the token “does not represent legal ownership of physical gold”; the bars are held under GLD NFTs issued by Bity Tokenisation SA, which GLDT only wraps. |
| Kalshi PreStocks KALSHI | $780K | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Polymarket PreStocks POLYMARKET | $696K | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Ember Gold EXAU | $453K | Ember Protocol Inc. (British Virgin Islands) publishes platform terms, but they name no custodian for the gold and give eXAU holders no stated claim on metal or right to redeem (learn.ember.so, read 2026-09-23). |
| Ember Silver EXAG | $390K | Ember Protocol Inc. (British Virgin Islands) publishes platform terms, but they name no custodian for the silver and give eXAG holders no stated claim on metal or right to redeem (learn.ember.so, read 2026-09-23). |
| xAI PreStocks XAI | $156K | PreStocks’ terms say the entities behind a token may change and need not be identified, and give holders no legal, equitable, or contractual right to any underlying share. Ketju’s memo on PreStocks records the terms. |
| Bingold BIGOD | $0 | BinGold’s site and whitepaper (bingold.to) name no issuing company or custodian. Its 2.5 million tokens at 250 grams each would claim 625 tonnes of gold, about $86 billion, and no reserve report shows it. |
| Quorium QGOLD | $0 | Quorium’s own site (quorium.io) says QGOLD “carries no right of redemption into physical gold” and gives “no claim against the issuer’s vault”. |
No supply or no trading: every token (6)
| Token | Market cap | Reason |
|---|---|---|
| Tradable LatAm Fintech SSTN PC0000097 | $134M | CoinGecko lists a market cap for this Tradable deal, but its contract on zkSync Era held no tokens when Ketju read it on 2026-09-23. |
| Tradable Singapore Fintech SSL PC0000023 | $115M | CoinGecko lists a market cap for this Tradable deal, but its contract on zkSync Era held no tokens when Ketju read it on 2026-09-23. |
| Tradable Singapore Fintech SSL PC0000077 | $100M | CoinGecko lists a market cap for this Tradable deal, but its contract on zkSync Era held no tokens when Ketju read it on 2026-09-23. |
| Kinka XNK | $2M | Kinka’s parent, unbanked Inc., stopped selling the Ethereum token on 2026-08-18, set 2026-10-30 as the last day to redeem it, and said it will burn every token it collects; the Kinka site no longer loads. |
| JP Gold Coin JPGC | $0 | CoinGecko shows no market cap and $39 of daily volume, and last updated this listing on 2026-07-28. The issuer, Japaul Gold and Ventures (Nigeria), does not promise redemption before 2028. |
| UGOLD Inc. UGOLD | $0 | CoinGecko shows no market cap and $6 of trading at its last update on 2026-09-07. The contract reports 4.0 million tokens, each said to be one ounce of gold, about $17 billion that no reserve report supports. |
Wraps a token already counted: every token (4)
| Token | Market cap | Reason |
|---|---|---|
| Tether Gold Tokens XAUT0 | $114M | XAUt0 is the cross-chain form of XAUT; its supply is locked XAUT, so counting both would count the same gold twice. |
| Nest Treasury Vault NTBILL | $4M | A Plume BoringVault run by Nest DAO LLC with no fund wrapper of its own. It holds tokens already counted here, mostly Superstate/Invesco USTB and Anemoy JTRSY, so counting it would count the same assets twice. |
| Wrapped Backed Coinbase Global WBCOIN | $42K | Wraps Backed’s bCOIN, which is counted under Backed bTokens. The wrapper held no tokens on Ethereum when Ketju read it on 2026-09-23. |
| Nest ETF Vault NETF | $515 | A Plume BoringVault run by Nest with no fund wrapper of its own. On 2026-09-23 it held 1,093 pUSD, 11 USDC.e, and about 13 USD+ against 510 nETF, and no ETF shares or ETF tokens. |
Source: CoinGecko free market data, 2026-09-24.
Filed with the SEC, with no file yet
A private offering files Form D with the SEC. Ketju reads every one: 158,393 filings from 2024 Q1 through 2026-09-23. These 10 issuers name a tokenized or onchain offering, or place through Securitize, whose placements are tokens, and no file covers them yet. The filing is often the first public record of a program. A new one opens a review item the day after it files.
| Issuer | Last filed | Exemption | Minimum | Sold to date | Investors | Why it is here |
|---|---|---|---|---|---|---|
| Galaxy Sharplink Onchain Yield Fund, LP | 2026-08-11 | Rule 506(c); Investment Company Act section 3(c)(7) | $0 | $125M | 3 | onchain in the name |
| Onchain Credit Fund LLC | 2026-06-12 | Rule 506(b); Investment Company Act section 3(c)(1) | $0 | $0 | 0 | onchain in the name |
| HDVA On-chain LLC | 2026-05-15 | Rule 506(b); Investment Company Act section 3(c)(1) | $0 | $520K | 5 | onchain in the name |
| Securitize KKR Health Care Growth II Tokenized Fund SP of Securitize KKR Fund SPC Ltd. | 2025-12-22 | Rule 506(c); Investment Company Act section 3(c)(7) | $20K | $20K | 1 | tokenized in the name; sold through Securitize Markets |
| Rasulov Capital Real Estate Tokenized Fund LLC | 2025-09-05 | Rule 506(c) | $1K | $0 | 0 | tokenized in the name |
| ON-CHAIN TELEMETRY FUND SP | 2025-08-15 | Rule 506(b); Investment Company Act section 3(c)(7) | $100K | $0 | 0 | onchain in the name |
| Index Four L.P. | 2025-04-10 | Rule 506(c); Investment Company Act section 3(c)(1) | $100K | $0 | 0 | sold through Securitize Markets |
| Re Member Fund A LP | 2024-10-04 | Rule 506(c); Investment Company Act section 3(c)(1) | $100K | $0 | 0 | sold through Securitize Markets |
| Securitize Capital ParaFi Venture II Tokenized Fund, LP | 2024-07-25 | Rule 506(b) | $20K | $2M | 6 | tokenized in the name |
| RedSwan GCC Tokenized Fund, LP | 2024-07-16 | Rule 506(c); Investment Company Act section 3(c)(7) | $500K | $0 | 0 | tokenized in the name |
Researched, with no token contract public yet: State Street Galaxy Onchain Liquidity Sweep Onshore Fund, LLC, State Street Galaxy Onchain Liquidity Sweep Offshore Fund, Ltd.. The file follows the day a contract is published.
Already on file: 10 issuers (Hamilton Lane SCOPE Securitize Tokenized Feeder, LP, Hamilton Lane SF6 - Securitize Tokenized Feeder Fund, Ltd, BlackRock USD Institutional Digital Liquidity Fund Ltd., Delta Wellington Ultra Short Treasury On-Chain Fund, a sub-fund of the Delta Master Trust, Securitize Tokenized Apollo Diversified Credit Fund, Ltd., Franklin Onchain Institutional Liquidity Fund Ltd., VanEck Treasury Fund, Ltd., Securitize AAA CLO Tokenized Fund, Ltd., Coinbase Tokenized Stablecoin Yield Feeder Fund Ltd, Neuberger Securitize High Income Tokenized Fund LTD).
Left out: 1 issuer the scan matched that sell no tokenized security
- Onchain Technologies, Inc.: Onchain Technologies, Inc. sells its own shares under Rule 506(b); Onchain is the company’s name, and the filing does not say the shares are tokens.
Named in public, with no file yet
Every document filed with the SEC that says “tokenized”, and the news wire for the same words, is read each morning: 323 documents and items so far, through 2026-09-29. Each is read for a program a US client could hold, and the program is named here with the sentence that names it. These 2 have no file yet; each is filed or left out with a reason within the week.
| Program | Issuer | Kind | Stage | Chains | Seen | Evidence |
|---|---|---|---|---|---|---|
| Hyperliquid Tokenized Stocks A holder would own a Hyperliquid-issued instrument providing Tesla price exposure rather than a directly registered Tesla share. | Hyperliquid | Stock | Live | Hyperliquid | 2026-09-26 | press 2026-09-26, press 2026-09-25 |
| World Liberty Financial tokenized real estate initiative If launched, a U.S. holder would own a fractional tokenized interest associated with a property, although the source does not specify the legal ownership wrapper. | World Liberty Financial | Real estate | Planned | — | 2026-09-26 | press 2026-09-26 |
Already on file: BNY Dreyfus On-Chain Liquidity Fund, ARK Venture Fund (ARKVX), WisdomTree 500 Digital ETF, Ondo tokenized model portfolios, Hamco Tokenized Pan-Asia Private Equity Fund, Revenue Participation Bonds, Series 2026, Corning Tokenized Stock (Ondo), Quantum Computing (Robinhood Tokenized Stock), Wrapped Tesla Tokenized stock (xStock), Union Pacific Corporation Tokenized Stock (Ondo), SpaceX tokenized stock (Backpack), Global X DRAM ETF Tokenized Stock (Reality), Royalty Revenue Bonds, Series 2026, Coinbase Tokenized Stocks, AST SpaceMobile tokenized stock (xStock), Terawulf Tokenized Stock (Ondo), bStocks, BlackRock Select Treasury Based Liquidity Fund and BlackRock Daily Reinvestment Stablecoin Reserve Vehicle.
Left out: 2 programs named that a US client cannot hold as a tokenized asset
- Tokenized Myseum.AI common stock (Myseum.AI, Inc.): Myseum.AI said on 2026-09-23 that it intends to apply to tokenize its common stock through a digital-asset securities platform. No platform, class, or contract is named and no offering document exists. The daily read of EDGAR reopens this the day a filing names one.
- Blockchain Common Stock (OpenWorld, Inc.): OpenWorld announced blockchain-recorded common stock with no offering document, transfer agent, or contract public. The daily read of EDGAR and the wire reopens this the day one is.