Real-world asset (RWA) tokenisation has crossed the threshold from experimental pilots to infrastructure deployment in 2026.
📈 What changed: BlackRock's BUIDL fund reached $2.5B AUM, demonstrating institutional confidence in on-chain fixed income products.
| Indicator | Score | Reading |
|---|---|---|
| Maturity higher is better · high confidence | 59/100 | Infrastructure deploying at scale; institutional products live, DTCC pilot now processing production trades. |
| Evidence Strength higher is better · high confidence | 55/100 | BlackRock/JPMorgan/Goldman adoption confirmed. |
| Commercial Proximity higher is better · high confidence | 75/100 | Tokenised Treasuries and credit generating real revenue. |
| Capital & Policy Support higher is better · high confidence | 50/100 | GENIUS/CLARITY Acts US; MiCA EU; Singapore MAS supportive. |
| Crowding Risk lower is better · high confidence | 61/100 | Elevated crypto-adjacent interest but institutional layer less crowded. |
| Reflexivity Risk lower is better · medium confidence | 75/100 | Strong crypto correlation; narrative-sensitive valuations. |
Every indicator score is computed by the Northstar engine from analyst-set ordinal bands — never hand-written, never stored.
The public page is the summary (backed by 15 cited sources). Full briefing — company map, catalysts, native signals and sources — is inside the app.
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