What OCB scores, calibrates, or monitors.
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| Ondo U.S. Dollar Yield | Ondo Finance | ETHXLMSOLARBSEIMNTSUI | Scored |
| Ondo Short-Term U.S. Government Bond Fund | Ondo Finance | ETHPOLXRPSOL | Scored |
| BlackRock USD Institutional Digital Liquidity Fund | BlackRock / Securitize | ETHSOL |
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| PAX Gold | Paxos | ETH | Scored |
| Tether Gold | Tether | ETHBNB | Scored |
| Matrixdock Gold | matrixdock | ETHBNBSOLPLUME |
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| 879 tokenized equities (Dinari dShares) — emerging market, measured from inception but not yet individually rated. | |||
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| DDSC | ddsc_issuer | ADI | Scored |
| USD Coin | Circle | ETHBASEARBPOLAVAXSOLXLMAPTOPSEISUI |
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| Maple syrupUSDC | Maple Finance | ETH | Calibrating |
| Figure Lending Pool (cfigurelendingomni) | Figure | HASH | Calibrating |
| Figure Omni Pool (cfigureomni) | Figure | HASH | Calibrating |
| Figure Pay Omni Pool (cfigurepayomni) | Figure | HASH | Calibrating |
| Instrument | Issuer | Chains | Status |
|---|---|---|---|
| Theo Short Duration US Treasury Fund | Theo | ETH | Watchlist |
| Delta Wellington Ultra Short Treasury On-Chain Fund | FundBridge Capital | ETHARBSOL | Watchlist |
| UBS USD Money Market Investment Fund Token | DigiFT / UBS Asset Management | ETH | Watchlist |
| Midas mBASIS | midas_rwa |
What's in, what's out, and why.
In scope at v1.0
- ·Tokenized US Treasuries and money market funds
- ·Tokenized commodities (gold, silver)
- ·Tokenized public equities and ETFs
- ·Fiat-backed and crypto-backed stablecoins (USD-pegged v1.0)
Methodology-supported, no instruments in production
- ·Private credit — methodology mechanics exist; no live instruments in the scored population yet
- ·Non-USD stablecoins (e.g., EURC) — deferred to v1.1
Every exclusion is a methodology call, not a commercial one.
Tokenized real estate
Out of scope v1.0No independent, chain-verifiable valuation benchmark exists. Real estate values require local appraisals with no auditable onchain equivalent. Deferred pending a standardised benchmark.
Carbon credits
Out of scope v1.0No tradable standardised benchmark with sufficient liquidity depth. Methodology mechanics not declared.
Reinsurance
Out of scope v1.0Methodology not yet declared.
DAI (MakerDAO)
Out of scope v1.0Maker CDP collateral mapping is required to trace the USD-denominated backing. The collateral mix changes continuously. Deferred to v1.1 when the CDP mapping collector is wired.
Crypto synthetics marketed as RWA (e.g., Ethena USDtb)
Out of scope v1.0Category mismatch. USDtb and similar instruments are not backed by an underlying real-world asset — they are crypto derivative structures. Including them would distort the Transparency Index.
Always qualify the universe.
OCB tracks $21.26B in tokenized RWA capital — tokenized treasuries and commodities, supply-weighted — and $300.79B in native-mint stablecoin supply across six instruments. Each covered instrument is scored against the same published rubric.
Categories on the coverage roadmap, not yet scored:
- –Tokenized private credit — methodology published; coverage expands as instruments meet the data threshold.
- –Tokenized equities — tracked and measured today; they graduate to headline coverage once the market clears the published materiality bar.
- –Tokenized real estate — added when an independent valuation reference becomes available.
As of 2026-08-26. Coverage figures update daily. The list above is the authoritative scope of what OCB scores today.