Tokenized real-world assets are not automatically liquid or tradeable. Each asset is subject to legal classification, title verification, appraisal, custody proof, lien review, transfer restrictions, investor eligibility requirements, and market-access approval before any secondary market activity. RWA tokenization does not eliminate real-world risks associated with the underlying asset.

Institutional — Real World Assets

Troptions RWA & SALP Programs

Real-world asset tokenization intake requirements, custody gates, legal classification requirements, and SALP program status. No asset may be tokenized without completing all intake gates.

3 RWA program(s) registered. SALP is the primary intake framework. All tokenization is subject to securities exemption or registration, investor eligibility, and qualified custody.

⚠ SALP Liquidity Claim — Blocked

CLAIM-SALP-001

“SALP turns real assets into liquid digital tokens that can be traded or used for financing.”

Tokenizing real assets into 'liquid digital tokens' without title, appraisal, custody, legal classification, and transfer restrictions creates potential securities law, commodities law, and investor protection issues.

Troptions SALP is an RWA intake and representation framework. Asset liquidity is not assumed. Each asset requires title verification, appraisal, lien review, custody control, legal classification, transfer restrictions, investor eligibility, and market-access approval.

RWA-SALP-001

SALP — Smart Asset Liquidity Protocol

Troptions SALP RWA intake framework for commercial and mixed-use real estate assets. Assets are represented as digital tokens after passing full intake, custody, legal, and tokenization gates.

evaluation

Intake Requirements (6)

  • • Asset description and address
  • • Title or deed documents
  • • Independent appraisal
  • • Lien and encumbrance search
  • • Ownership structure documentation
  • • Owner identity and KYC/KYB

Custody Requirements (3)

  • • Title held at qualified custodian or trustee
  • • Chain-of-custody documentation
  • • Custody agreement signed

Legal Requirements (4)

  • • Legal classification memo (utility, security, commodity)
  • • Securities counsel review if investment-type token
  • • Transfer restriction documentation
  • • Investor eligibility requirements documented

Transfer Restrictions (3)

  • • Transfer restricted to eligible investors
  • • No public secondary market without exchange licensing or ATS registration
  • • Transfer gated by compliance check

Chain

XRPL

Risk Notes

SALP cannot tokenize 'liquid digital tokens' without custody proof, legal classification, and transfer restrictions. Liquidity is not assumed.

Next Action

Define intake process. Engage asset providers. Engage securities counsel.

RWA-GOLD-001

Troptions Gold Reserve Program

Physical gold reserve program supporting Troptions.Gold token. Gold held at qualified vault custodian. Token supply must match vault receipt before any token issuance.

evaluation

Intake Requirements (5)

  • • Physical gold assay certificate
  • • Vault receipt
  • • Chain of custody documentation
  • • Insurance certificate
  • • Source documentation

Custody Requirements (4)

  • • Physical gold at Brink's, Loomis, or equivalent qualified vault
  • • Vault agreement signed
  • • Dual-control physical access policy
  • • Monthly count attestation

Legal Requirements (4)

  • • CFTC commodity analysis
  • • Securities analysis for investment-type tokens
  • • Warehouse receipt analysis if applicable
  • • Legal opinion on token structure

Transfer Restrictions (2)

  • • Transfer restricted to KYC-cleared participants
  • • Redemption requires custody withdrawal procedure

Chain

XRPL

Risk Notes

All gold-backed claims are blocked until vault receipt, assay, custody agreement, and legal opinion are complete.

Next Action

Source physical gold. Execute vault agreement. Obtain assay certificate. Engage counsel.

RWA-EQUIP-001

Equipment and Machinery Asset Program

Commercial equipment and machinery tokenization for financing and lease-back structures.

evaluation

Intake Requirements (5)

  • • Equipment description, make, model, serial number
  • • Ownership documentation
  • • Current market appraisal
  • • Lien search
  • • Insurance certificate

Custody Requirements (2)

  • • Equipment held with qualified custodian or secured by first-lien
  • • Custody agreement or security interest documentation

Legal Requirements (3)

  • • UCC filing for security interests
  • • Legal classification memo
  • • Financing documents reviewed by counsel

Transfer Restrictions (2)

  • • Transfer restricted to eligible investors
  • • Secondary market requires compliance check

Chain

XRPL

Risk Notes

Equipment value depreciates. Token supply must reflect current appraised value.

Next Action

Define intake process. Identify initial equipment assets.