RWA-SURE
- Overview
- Tokenized asset protection
- What it protects
- The seam between a real asset, its register and the legal claim that binds them.
- Written against
- eWpG and ZuFinG, the German electronic securities and future financing regimes
Cover modules
- Issuance controls
Structured around the authority to mint, burn and adjust supply, the point where token and asset can diverge.
- Underlying custody
The real-world asset addressed on its own terms: where it sits, who holds it, how it is verified.
- Registry integrity
Continuous reconciliation between on-chain representation and off-chain holdings of record.
- Settlement layer
Exposure arising in transfer, delivery-versus-payment and cross-venue settlement.
- Legal linkage
The enforceable claim examined as an insurable object, jurisdiction by jurisdiction.
Perils covered
- Tokenization-layer failure: a contract, mint or burn, key or ledger fault that blocks settlement
- Redemption and settlement failure, a valid request not settled within the defined service level
- Selective counterparty failure: platform, transfer agent or custodian, on the shortfall after recovery
- Failure of a contracted liquidity facility after valid collateral has been posted
Never covered
- General market value loss on the underlying asset
- Token price against net asset value
- Cover that does not exist, or that was represented fraudulently
- An invalid legal entitlement, the claim has to be real before it can be insured
- Code defects predating audit sign-off, and flaws known before inception
- Market-driven suspension where the issuer is not at fault
Conditions of inception
These are conditions of inception, not matters of claim. Where the evidence is not in place, cover does not attach.
Written against
- eWpG and ZuFinG, the German electronic securities and future financing regimes
- The BaFin DLT Pilot Regime, where the issuance sits inside it
- MiCAR, where the instrument falls within its scope
Entitlement mapping
The legal claim traced from holder to asset, in writing, before anything is bound.
Contract assurance
Audited contracts with the sign-off dated, so the boundary of a pre-existing defect is not arguable.
Register reconciliation
Token supply reconciled against holdings of record on a defined cycle.
Settlement service level
A defined redemption and settlement window, the cover attaches to a stated obligation.
Built for
- Tokenization platforms
- Issuers of tokenized instruments
- Transfer agents and administrators
- Institutional holders of RWAs
Draws on
Capacity, limits, wordings and commercial terms are not published. They are structured per counterparty and shared directly under engagement.