BackingLive
Tokenized funds and treasuries
Reconcile on-chain supply against a fund's filed NAV, or name the auditor when a regulator is not in the loop.
§ THE CLAIMLAT 40.7128 / LON -74.0060
OPEN SOURCE / MCP / CLI / HTTP
“Backed by real‑world assets.”
Every tokenized yield makes the claim. On‑chain, all you see is a token and a number. This reads the filings, checks the arithmetic, and shows you exactly where the proof stops.
$npx rwa-verify ousg
See a live verdict ↓SCROLL TO RESOLVE↓
§ THE PROBLEMA COLOR IS NOT A PROOF
Everyone else hands you a color. Green, red, or nothing at all.
GREEN
Implies a proof that, most of the time, was never actually published anywhere you can read.
RED
Punishes an asset for being private, not for being fraudulent. Unproven is not the same as unsafe.
NOTHING
Most tools skip backing altogether and just show you a big number: the yield.
THE GAP
None of them tell you the one thing that matters: where the proof actually stops.
Deconstructing yield
A tokenized asset is a stack of trust: token, legal wrapper, underlying reserve.
Layer 3The ReserveT-Bills, Cash, Repo
Layer 2The WrapperSPV, Trust, Fund
Layer 1The TokenERC-20, Yield
Verification boundary
On-chain reads only verify Layer 1. SEC filings and auditor attestations reconcile Layer 3 reserves against Layer 1 supply.
§ THE RECONCILIATIONARITHMETIC, NOT OPINION
We check the receipts.Live.
No model votes on the answer. We read the on‑chain supply, pull the SEC filing, quote the net asset value word for word, and multiply. If the two numbers don’t meet, there is no green.
SCROLL TO RUN THE CHECK
rwa-verify — reconcile○ running
47,838,681.95×$1.0000=$47,838,681.95
tier=verified_backedconfidence=autofreshness=live
§ THE VERDICTTHREE AXES / NEVER A GRADE
Same question. Two answers.
Both are tokenized Treasuries. Only one has a public filing to reconcile against. One resolves into proof. The other stays static — and we say so out loud.
FIG. 05 · RESOLVES
● VERIFIED_BACKED
BENJIFranklin OnChain U.S. Gov Money Fund
tier=verified_backedconfidence=autofreshness=live
You can check the reserves yourself.
Holdings are filed with the SEC (N-MFP). On-chain supply reconciles against that filing, so the green here is arithmetic, not a vibe.
Inspect BENJIFIG. 06 · STAYS NOISE
○ UNVERIFIABLE
OUSGOndo Short-Term U.S. Gov Treasuries
tier=unverifiableconfidence=unverifiablefreshness=unknown
You cannot. We say so out loud.
Reserves sit with a custodian, not published on-chain or in a public filing we can read. A higher APY doesn't change that — the answer stays unknown.
Inspect OUSG§ DROP IT INONE VERDICT, EVERYWHERE
One line into your agent, CLI, or a plain HTTP call.
The same AgentVerdict everywhere. Gate on backing.tier, surface trust_boundary and caveats. No API key.
Add the stdio MCP server to Cursor, Claude Desktop, or any MCP host. Two tools: check_asset_backing and list_verified_assets. Returns structured AgentVerdict JSON - no boolean safe flag.
mcp config
{
"mcpServers": {
"rwa-backing-verifier": {
"command": "npx",
"args": ["tsx", "mcp/server.ts"],
"cwd": "/absolute/path/to/rwa-analyzer",
"env": { "RWA_API_BASE": "https://rwa-analyzer.vercel.app" }
}
}
}Cursor → Settings → MCP → paste the JSON above (or clone the repo and point cwd at your checkout).
Or clone and run locally: https://github.com/Archdiner/rwa-analyzer
shell
git clone https://github.com/Archdiner/rwa-analyzer
cd rwa-analyzer && npm install
npm run mcp # stdio MCP server
npm run verify -- BENJI§ TRY ITFROM WHERE YOU SIT
What can you actually buy, and how far does the proof go?
Set your location and size. Assets are sorted by how far the backing proof goes — verified first, higher APY with weaker proof further down.
FIG. 07 · PROFILEfilter
Where you areeligibility
How muchsize
Verified backing sorts above higher APY you would have to take on trust.
Open to you3
BENJIFranklin OnChain US Government Money Fund
Backing verified
Confirms a redeemable share of a regulator-verified fund. Does not reconcile on-chain float against the fund share register; that linkage is the transfer agent's record.
Minimum investment not confirmed.
4.15%
stated rate · 2026-07-01
Daily exit
syrupUSDCSyrup USDC
Not yet verifiable
Minimum investment not confirmed.
4.81%
live pool APY · 2026-07-21
Exit in days
sDAISavings DAI
Not yet verifiable
Minimum investment not confirmed.
1.25%
live pool APY · 2026-07-21
Instant exit
OR LOOK ONE UP
§ COVERAGEWHERE PROOF IS POSSIBLE
One engine for wherever yield comes from.
Backing was the hardest case, so it came first. Coverage grows where proof is possible.
FIG. 04 · COVERAGEhover a spoke
LendingBuilding
Aave, Morpho and money markets
Read the reserve on-chain. Split organic borrow interest from reward emissions, then grade utilization and oracle risk.
StakingPlanned
Liquid staking derivatives
Pooled ETH against token supply is arithmetic. Forward risk is slashing and validator exposure - named, not hidden.
EmissionsPlanned
Incentive-driven yield
The part of a headline APY that ends when the program does. Separated from real yield, stamped with an end date.
§ THE OPEN BOXCOMMUNITY-DRAWN FRONTIER
Tell it what to verify next.
This is open. Every suggestion gets read, embedded, and clustered by meaning — and the clusters become the directions the product actually moves. Nothing is too big.
DROP A SUGGESTION
EMERGENT DIRECTIONS
01Cover more tokenized T-bill funds24 signals
02Verify staking-derivative backing17 signals
03Attestation freshness alerts11 signals
04Lending-market collateral proofs9 signals
Ranked by backing count · synthesized from clustered suggestions
§ THE CLOSE
Your earn tab shows an APY.It should show you this.
Open source. Deterministic reconciliation. One call before you route a deposit, and an honest answer when the proof runs out.
$npx rwa-verify ousg
View source on GitHub ↗