RWA risks are mostly off-chain, because the chain hosts a claim on an asset rather than the asset itself. That single fact drives a due-diligence checklist you can run against any real-world asset token before you model it.
The eight-item checklist
- Verified on-chain identity. Demand the mint address, token program and full extension set, not a screenshot.
- What the token legally claims. A tracker certificate giving economic exposure is not a share with voting rights.
- Custody and reserve attestation quality. Issuer-published proof of reserves is not an independent audit, and should be labeled as such.
- Issuer permission for your use case. Check whether your holding or transfer is permitted at all.
- Oracle verification. Registry metadata is not a verified live feed; confirm the feed actually resolves. See oracle price data.
- Supply reconciliation. xRWA evidence for a verified Solana xStock mint shows roughly a 10 percent gap between on-chain total supply and reported circulating supply, which is exactly why this step exists.
- Transfer eligibility and freeze authority. Freeze authority present means the issuer can freeze accounts.
- Exit capacity and session calendar. Redemption windows follow US equity hours, so plan around liquidity and NAV versus cash.
Start from the architecture overview to see where each check sits in the stack, and read what’s live today for what this project does and does not claim.
xRWA accounts use test USDC, and prices are live Solana market prices. Its admission gates exist to force these checks before any candidate enters a model, and nothing here is investment advice.