What is RWA and how do you buy it? Tokenized gold, stocks and Treasuries (2026)
RWA (real-world assets) means putting real assets such as gold, US stocks and US Treasuries on-chain. For ordinary users, the most common entry points fall into four groups: tokenized gold (PAXG/XAUT), tokenized stocks (Binance Direct Stocks and bStocks), tokenized Treasuries (USDY/BENJI) and TradFi derivatives. This article explains each product's structure, thresholds and what you actually own after buying — because among products all called 'stock tokens', some are real stock rights, some are asset-backed tokenized securities, and some are just price contracts that can be liquidated.