Is that tokenized asset actually sound?
Assay rates tokenized real-world assets on five transparent pillars — live peg integrity, backing & reserves, issuer & legal standing, liquidity, and redemption rights. Every point is explained. Unverified claims score conservatively.
Sector watch
2026-05-13 — Fake pre-IPO tokens voided by Anthropic and OpenAI
Solana tokens marketed as Anthropic/OpenAI pre-IPO exposure fell ~40% in a session after both companies declared the underlying share transfers void; Anthropic named four platforms. SEC reports pre-IPO crypto fraud up ~40% YoY. A token on a blockchain is not automatically a claim on anything. Verify the issuer, the legal claim, and the reserves.
2026-07-02 — Tokenized stocks failing as DeFi collateral
Industry coverage documented tokenized stocks failing as collateral even when the underlying stock price did not move — peg and redemption behavior, not the stock, was the risk. Peg quality is a live risk dimension independent of the underlying asset.
Ratings
| # | Asset | Grade | Score | Peg p95 7d (bps) | Weekend p95 | Liquidity | Issuer |
|---|---|---|---|---|---|---|---|
| 1 | QQQx Nasdaq-100 xStock | A | 77.5 | 77.2 | 63.9 | $2,300,997 | xStocks (Backed) |
| 2 | NVDAx NVIDIA xStock | A | 77 | 94.2 | 79 | $3,093,672 | xStocks (Backed) |
| 3 | SPYx SP500 xStock | A | 77 | 83.4 | 100.6 | $2,103,421 | xStocks (Backed) |
| 4 | METAx Meta xStock | A | 76.4 | 74.6 | 29.4 | $1,096,147 | xStocks (Backed) |
| 5 | TSLAx Tesla xStock | A | 76.2 | 98.4 | 55.9 | $2,344,332 | xStocks (Backed) |
| 6 | AMZNx Amazon xStock | B+ | 74.3 | 80.9 | 30.4 | $369,902 | xStocks (Backed) |
| 7 | AAPLx Apple xStock | B+ | 73.8 | 79.2 | 22.1 | $263,381 | xStocks (Backed) |
| 8 | MSFTx Microsoft xStock | B+ | 70.1 | 152.1 | 54.4 | $395,838 | xStocks (Backed) |
| 9 | GOOGLx Alphabet xStock | B+ | 66.5 | 250.5 | 44.2 | $1,579,340 | xStocks (Backed) |
| 10 | COINx Coinbase xStock | B | 64.9 | 272.1 | 96.7 | $1,290,535 | xStocks (Backed) |
| 11 | CRCLx Circle xStock | B | 60.2 | 290.6 | 276.7 | $3,775,626 | xStocks (Backed) |
| 12 | MSTRx MicroStrategy xStock | B | 55.6 | 322.5 | 322.5 | $725,838 | xStocks (Backed) |
Peg columns are measured on-chain vs the underlying's last trade every 5 minutes. Full methodology →