Risks
Tokenized real-world assets carry the risks of the underlying asset plus the risks of tokenization and onchain trading.
- Version
- 1.0
- Effective
- Draft — not yet effective
- Last updated
- September 23, 2026
Market risk
The underlying real-world asset can lose value. Tokenization does not protect against changes in the price of the company, fund, commodity or instrument referenced.
Tokenization risk
A tokenized representation adds structural risks beyond the underlying asset: the legal claim a holder has, how collateral is held, and how corporate actions are applied are defined by the issuer's product, and may differ from holding the underlying directly.
Issuer risk
Holders may depend on the issuer and related entities — custodians, special-purpose vehicles, security agents — fulfilling the obligations defined by the product. Issuers may also hold onchain controls such as freeze, pause or permanent-delegate authority.
Liquidity risk
A token may have limited onchain liquidity. Large trades can suffer significant price impact or be unavailable, and liquidity can disappear. The listing threshold is measured at review time and is not a guarantee.
Tracking risk
A tokenized asset may trade at a premium or discount to its underlying, especially when the underlying market is closed or redemption is restricted.
Redemption risk
Redemption may be limited to onboarded or eligible parties, subject to issuer processes and timing, or — for pre-IPO products — available only after a liquidity event and within a set window.
Blockchain risk
Transactions depend on Solana and on the programs used for each route. Network congestion, outages or program vulnerabilities can delay or prevent execution.
Wallet risk
Users are responsible for securing their wallet and keys. Lost keys cannot be recovered by RwaMarkets, and signed transactions cannot be reversed.
Regulatory & jurisdictional risk
Availability varies by jurisdiction and user eligibility, and the legal treatment of tokenized products may change. Users are responsible for ensuring they are permitted to acquire a product.
Third-party infrastructure risk
RwaMarkets depends on external systems — Solana, the execution provider, RPC providers, token issuers and liquidity venues. Their failure or changes can affect pricing, quoting and execution.