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01Today's reading
02Maturation
03Composition
04Coverage gaps

OCB-RWA Quality Index · Dashboard

Read the editorial ↗
OCB-RWA Quality Index·01·Today

Today's reading of the RWA Quality Index.

Institutional-grade (≥70)

$7.63B
24h+0.00%
7d+0.85%
30d−14.34%

Verified Capital (≥85)

$3.94B

24h+0.01%
7d+0.42%
30d+9.18%

Coverage

$17.34B

24h+0.00%
7d+3.67%
30d+45.97%

Quality score (idx)

65.80

24h+0.00%
7d+0.97%
30d−11.25%

OCB-RWA Quality Index

Verified Capital (≥85) · Change over time

Verified Capital +10.0% · Coverage +47.0% this month.

Window
Series
ONCHAIN
BENCHMARK
Verified Capital
Coverage
$2.5B$6.5B$10.4B$14.4B$18.4BJun 28, 2026Jul 6, 2026Jul 12, 2026Jul 19, 2026Jul 27, 2026
Source: OCB-RWA Quality Index · onchainbenchmark.comUpdated Jul 27, 2026
OCB-RWA Quality Index·02·Maturation

Where verified change came from — incumbents, new entrants, or score upgrades.

Incumbent growth

+$358.2M

New entrants

0

Score upgrades

0

Net change · 1M

+$358.2M

OCB-RWA Quality Index

Maturation · Where verified change came from

Net +$358.2M this month — driven by incumbent growth.

Window
ONCHAIN
BENCHMARK
Incumbent growth
New entrants
Score upgrades
Incumbent shrink
−$92M$10M$112M$214M$316MJun 28, 2026Jul 6, 2026Jul 13, 2026Jul 21, 2026Jul 28, 2026
Source: OCB-RWA Quality Index · onchainbenchmark.comUpdated Jul 28, 2026
OCB-RWA Quality Index·03·Composition

Index constituents grouped by asset class.

TickerIssuerScoreBandCapitalΔ 30dLimitingTraceDrill
USYCHashnote / Circle46.0LIMITED$3.00B+$2.93B
Disclosure1/25
+
BUIDLBlackRock / Securitize56.0DEVELOPING$2.64B+$541M
Disclosure6/25
+
USDYOndo Finance92.0VERIFIED CAPITAL$2.13B+$390M
Disclosure18/25
+
EUTBLSpiko61.0DEVELOPING$1.00B+$635M
Disclosure12/25
+
JTRSYAnemoy Capital SPC Limited47.0LIMITED$870M+$85M
Disclosure1/25
+
WTGXXWisdomTree66.0DEVELOPING$767M+$3M
Concentration8/25
+
BENJIFranklin Templeton73.0INSTITUTIONAL$735M−$54M
Concentration13/25
+
USTBSuperstate52.0LIMITED$726M+$671M
Disclosure1/25
+
OUSGOndo Finance70.0INSTITUTIONAL$409M+$232M
Concentration9/25
+
TBILLOpenEden Labs54.0LIMITED$256M+$224M
Concentration8/25
+
VBILLvaneck48.0LIMITED$192M+$173M
Disclosure8/25
+
USTBLSpiko54.0LIMITED$145M+$44M
Concentration8/25
+
mTBILLmidas_rwa42.0LIMITED$53M+$3M
Disclosure1/25
+
XTBTopentrade39.0LIMITED$1M+$171K
Disclosure1/25
+
OCB-RWA Quality Index·04·Coverage gaps

What's blocking each constituent from clearing the verified threshold.

InstrumentScoreGapBlockerAction that would close
USDYOndo Finance
92.0ClearedNo publicly accessible USDY reserve attestation has been published since the v1.0 methodology took effect.→ Issuer publishes a recurring reserve attestation accessible without access controls.
BUIDLBlackRock / Securitize
56.0+29.0Reserve disclosure is limited to Form D filings (cadence: per-issuance, not periodic). Top institutional holders are not identifiable from public registries.→ Issuer publishes audited financials at a quarterly or better cadence. Top holders identifiable from public registries.
USYCHashnote / Circle
46.0+39.0No USYC reserve attestation has been published since the Circle acquisition in early 2024.→ Issuer publishes a recurring USYC reserve attestation.
XAUTTether
75.0+10.0No per-token XAUT reserve attestation has been published. Reserve disclosures consolidate XAUT into the broader USDT report.→ Issuer publishes a per-token XAUT reserve attestation.
USTBSuperstate
52.0+33.0Reserve attestation cadence: monthly. Top holders on the deployment chain are not identifiable from public registries.→ Issuer publishes per-deployment holder identification or extends attestation cadence to daily.
TBILLOpenEden
54.0+31.0Reserve attestation cadence: monthly. Most recent attestation: 30+ days old at scoring time.→ Issuer publishes reserve attestations on at least a weekly cadence.
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