RWA markets
Select RWA / tokenized equity category
Enter the issuer’s token address. The app loads the issuer profile: custody model, transfer restriction type, dividend handling.
Confirm oracle
System recommends ChainlinkEquityFeedAdapter. Do not use Uniswap TWAP for this class.
Attach Compliance Adapter
Required for this category. Choose the issuer-appropriate adapter (e.g. ERC-3643) from the Verified list when available.
Choose Issuer Redemption liquidation
Review and acknowledge the async settlement flow (cure window + expected settlement).
Position defaults to Soulbound
Proceed unless you have a validated reason to override (Validation Matrix still applies).
Set risk parameters & stablecoin liquidity
Same numeric controls as crypto markets. Lending asset from allowlist only.
Deploy
Factory validates Compliance present, async liquidation pairing, allowlisted lending asset, and related rules.
Disclosures required
- Issuer custody model (1:1 redeemable vs synthetic/offshore claim)
- Dividend / corporate-action handling
- Async settlement timeline
- Issuer-insolvency as uninsured total-loss risk (UI + ToS)
Issuer and counterparty risk
Every tokenized equity or RWA token is a claim on an issuer, not a pure bearer asset secured only by code. If the issuer becomes insolvent, halts redemptions, or is shut down by a regulator, the token can go to zero or freeze — independent of the underlying asset’s price, and independent of OpenAsset Market’s liquidation mechanics.
This is out of the protocol’s control by construction. No adapter or liquidation logic changes it. It must be disclosed in UI and Terms of Service as an uninsured, total-loss-possible risk category distinct from ordinary market/price risk.
Transfer restriction models
| Model | Example pattern | Integration implication |
|---|---|---|
| Freely transferable | Some bToken-style products | Standard ERC20Adapter may work unmodified |
| Permissioned / identity-gated (ERC-3643 / T-REX) | Institutional issuers | Requires Compliance Adapter; market/vault must complete issuer onboarding as whitelisted holder |
| Issuer-specific / evolving | Broker stock tokens | Verify current issuer docs before any market launch |
Corporate actions and dividends
| Model | Effect while collateral is escrowed |
|---|---|
| Auto-mirrored to token balance | Updates on-chain; oracle reflects value |
| Total-return / NAV appreciation | Price feed reflects reinvestment |
| Off-chain cash credit only | Credit may go to escrow holder of record (the market), not the borrower, unless issuer provides pass-through — confirm per issuer and disclose |
Oracle rule
Equity/RWA markets require ChainlinkEquityFeedAdapter (or equivalent issuer/NAV oracle), never UniswapV3TWAPAdapter.
Async liquidation
Issuer-redemption liquidation is asynchronous. Pair with a Compliance Adapter (validation matrix). Full path: Loan lifecycle. Flow details: Async liquidation flow.
Legal gate
Securities/RWA counsel review is a hard pre-launch gate for enabling real-user markets that use a Compliance Adapter — distinct from engineering readiness and contract audit.