Asset Onboarding Process

Real Finance’s onboarding pipeline transforms any cash-flow generating asset into on-chain tokens through up to three stages:

1. Tokenization

   • Originators deploy smart contracts representing tokens with embedded metadata.

   • Tokenization companies stake $ASSET tokens based on asset volume and can be slashed for metadata errors.

2. Scoring

   • Risk scoring companies assess assets’ probability-of-default (PD) and embed scores.

   • Scorers stake $ASSET tokens and face penalties if realized defaults deviate significantly from predictions.

3. Insurance

   • Insurance providers underwrite asset cash flows, staking both $ASSET tokens and stablecoins.

   • They offer full and partial coverage, creating multiple token tranches.

Asset Grades

• A: 100% principal + cash flows insured

• B: ≥75% cash flows insured

• C: <75% cash flows insured

• D: No insurance, low PD score

• E: No insurance, high PD score

• F: No insurance, no PD score

Investors can choose among various tranches distinguished by color and risk characteristics.