← All terms
Concepts
Underlying (RWA)
The real-world asset a token represents (e.g. TSLA behind TSLAx)
What is Underlying (RWA)?
The real-world asset a tokenized product represents. The same underlying can be tokenized by several issuers on several chains — TSLAx on Solana, TSLA.d on Base — all tracking one Tesla share. Grouping by underlying shows total on-chain interest.
Context anchor
Token symbol ≠ underlying: TSLAx + TSLA.d are two tokens, one underlying (TSLA)
Example
TSLA is the underlying behind both TSLAx (Solana) and TSLA.d (Base)
Also known as
underlying assetrwa underlyingbasiswertactivo subyacente