Who can buy is the first filter: Securitize offers some tokenized funds from $500, while Ondo's OUSG needs qualified investors and Superstate's USTB is for accredited investors and qualified purchasers. Fees on tokenized Treasury funds are low, with USTB at 0.15% or less and OUSG's 0.15% fee waived until January 1, 2027. Some products, such as Ondo USDY and Maple syrupUSDC, are closed to US persons.
Quick answer
Securitize is the best tokenization platform for most US investors: its Securitize Markets arm is regulated by FINRA and the SEC, and some offerings start at $500. Accredited investors can add Superstate's USTB at 0.15% or less; issuers should look at Centrifuge.
- 01Securitize: best for US investors
- 02Superstate: Best tokenized Treasuries
- 03Ondo Finance: Best product range
- 04Paxos: best for tokenized gold
- 05Centrifuge: best for issuers
The 6 best asset tokenization platforms
Securitize runs broker-dealer and transfer agent entities, and Securitize Markets is regulated by FINRA and the SEC. It offers tokenized funds, stocks and alternatives, with some minimums from $500.
- Chains
- Ethereum, Avalanche, Solana, Aptos, Polygon, Arbitrum and other public blockchains
- Platforms
- Web
- Company
- Broker-dealer and transfer agent entities; Securitize Markets regulated by FINRA and SEC
- Pricing
- Minimum investments from $500 (varies by offering)
- Fees
- 1% trade commission on secondary (ATS) trades; wires $18 domestic, $25 international
Pros
- Securitize Markets is regulated by FINRA and the SEC
- Minimum investments from $500 on some offerings
- Serves both issuers and investors
Cons
- Eligibility and minimums vary by offering; many products are for accredited investors
- Crypto services run through Zero Hash, not Securitize Markets
- 1% commission on secondary trades, plus Zero Hash wire fees
Skip it if you want one fee table: fees and eligibility vary by offering.
#2S
Best tokenized Treasuries
Superstate's USTB holds short-duration Treasury bills, charges a management fee of 0.15% or less and settles in USD or USDC each market day. Superstate Services LLC is its transfer agent.
- Platforms
- Web
- Fees
- USTB management fee 0.15% or less
- US availability
- US accredited investors and qualified purchasers only
- Company
- Transfer agent: Superstate Services LLC
- Chains
- Ethereum, Solana, Plume (USTB)
Pros
- USTB management fee of 0.15% or less
- Subscriptions and redemptions in USD or USDC each market day
- US-domiciled fund with its own transfer agent
Cons
- Open only to accredited investors and qualified purchasers
- Funds need accredited or qualified purchaser status; only tokenized stocks are open to all
- USTB minimum initial investment is $100,000 unless waived
Skip it if you are not accredited: USTB is only for accredited investors and qualified purchasers.
Ondo offers OUSG, a tokenized Treasury fund with a 0.15% fee waived until January 1, 2027, plus USDY and Ondo Stocks. Audits include Cantina.
- Chains
- Ethereum, Polygon, Solana, XRP Ledger (OUSG)
- Platforms
- Web
- Fees
- OUSG: 0.15% management fee, waived until Jan 1, 2027
- US availability
- USDY: not for US persons; OUSG: accredited investors who are also qualified purchasers
- Security audits
- Cantina and other firms
Pros
- OUSG management fee of 0.15% waived until January 1, 2027
- Audits by Cantina and other firms
- Several products: Treasuries, a yield dollar, stocks
Cons
- USDY and Ondo Stocks are not available to US persons
- OUSG requires qualification, commonly $5M+ net worth for individuals
- Instant mint and redeem can carry extra fees
Skip it if you are a US retail investor: USDY and Ondo Stocks bar US persons, and OUSG needs qualification.
Paxos issues Pax Gold (PAXG) and stablecoins such as PYUSD and USDG. It has held a NYDFS trust charter since 2015 and has been under OCC oversight since 2025.
- Chains
- Ethereum, Solana, Ink, Mantle, X Layer and other public blockchains
- Platforms
- API
- Launched
- 2015, first NYDFS limited purpose trust charter for digital assets
- Company
- Paxos Trust Company, N.A., under OCC oversight since 2025
- Fees
- No public rate card; zero fees to convert PYUSD to USD with PayPal and Paxos
Pros
- First NYDFS trust charter for digital assets, in 2015
- Issuer of PYUSD for PayPal
- Licensed as a major payments institution in Singapore
Cons
- Business-only; no retail accounts
- Pricing is not published
- End users reach it only through partner platforms
Skip it if you want a retail account: Paxos serves businesses; you buy PAXG through partners.
Centrifuge gives asset managers infrastructure to tokenize and distribute real-world assets, on nine chains with v3.1.0. Its docs cite 21+ audits.
- Chains
- Ethereum, Base, Arbitrum, Avalanche, Plume, BNB Chain, Optimism, HyperEVM, Monad
- Platforms
- Web, SDK, API
- Chains
- 9 chains: Ethereum, Base, Arbitrum, Avalanche, Plume, BNB Chain, Optimism, HyperEVM, Monad
- Security audits
- 21+ audits
- Token
- CFG (ERC-20 on Ethereum)
Pros
- Protocol v3.1.0 deployed on nine chains
- 21+ audits cited in its docs
- Public GraphQL API for pool data
Cons
- Built for asset managers and institutions, not retail investors
- Access to each pool is set by its issuer
- Cross-chain design relies on several messaging bridges
Skip it if you are an individual investor: pool access is set by each issuer.
Maple lends to institutional borrowers and passes the yield to syrupUSDC and syrupUSDT holders. Contracts audited three times before the December 2022 release.
- Chains
- Ethereum, Solana and other networks
- Platforms
- Web
- Custody
- Non-custodial
- US availability
- Not available: syrupUSDC, syrupUSDT and syrupUSDG exclude the United States
- Security audits
- Audited for each release from 2022 to January 2026: Trail of Bits, Spearbit, Three Sigma, Cantina, 0xMacro, Sherlock, Dedaub, Sigma Prime
Pros
- Yield comes from loans to institutional borrowers rather than token emissions
- Audited for each release since 2022, most recently by Sigma Prime
- syrupUSDC available across several chains
Cons
- syrupUSDC, syrupUSDT and syrupUSDG are not available in the United States
- Borrower defaults can impair the pool
- Admins set performance fee rates per strategy and can change them
Skip it if you are in the US: syrup products list the United States as restricted.
Asset Tokenization Platforms compared
Select a name to jump to its review.
| Name | Best for | US availability | Fees | Pricing | Chains |
|---|
| Securitize | Regulated tokenized funds | Available via Securitize Markets, LLC, SEC-registered broker-dealer (FINRA/SIPC); eligibility varies by offering | 1% trade commission on secondary (ATS) trades; wires $18 domestic, $25 international | Minimum investments from $500 (varies by offering) | Ethereum, Avalanche, Solana, Aptos, Polygon, Arbitrum and other public blockchains |
|---|
| Superstate | Accredited US investors | US accredited investors and qualified purchasers only | USTB management fee 0.15% or less | USTB minimum initial investment $100,000 unless waived | Ethereum, Solana, Plume (USTB) |
|---|
| Ondo Finance | Treasuries and stocks | USDY: not for US persons; OUSG: accredited investors who are also qualified purchasers | OUSG: 0.15% management fee, waived until Jan 1, 2027 | Not verified | Ethereum, Polygon, Solana, XRP Ledger (OUSG) |
|---|
| Paxos | Gold and stablecoin issuance | Available in the US | No public rate card; zero fees to convert PYUSD to USD with PayPal and Paxos | Zero fees to mint or redeem USDG and PYUSD with an institutional account | Ethereum, Solana, Ink, Mantle, X Layer and other public blockchains |
|---|
| Centrifuge | Asset managers and issuers | No US exclusion in website terms; pools require onboarding, some only for accredited investors | Not verified | Not verified | Ethereum, Base, Arbitrum, Avalanche, Plume, BNB Chain, Optimism, HyperEVM, Monad |
|---|
| Maple | Institutional credit, non-US | Not available: syrupUSDC, syrupUSDT and syrupUSDG exclude the United States | Performance fee on strategy yield, set per strategy by admins | Not verified | Ethereum, Solana and other networks |
|---|
“Not verified” means we could not confirm the value on the project’s own pages.
How we rank asset tokenization platforms
- 01Who can invest: investor eligibility and US restrictions from each issuer's own pages. Products open to more US investors rank higher.
- 02Regulation: registrations and oversight the company states itself, such as FINRA, SEC, NYDFS or OCC.
- 03Fees and minimums: published management fees and minimum investments.
- 04Chains: networks the tokens run on.
- 05Audits: smart contract audits listed by the project.
No project paid to be listed or ranked. Full rules: methodology.
What we did not test
- We did not open accounts, deposit money or place trades with these services.
- We did not audit smart contracts, reserves or security claims ourselves; we report what the project and its auditors publish.
- Fees, limits and availability change; the list date shows when we last checked them.
Rubric last updated Oct 1, 2026. Crypto assets are not insured by the FDIC or SIPC, and you can lose all the money you put in. This page is educational content, not financial advice.
How to choose
01Check eligibility first
Many tokenized funds are private funds for accredited investors or qualified purchasers. Ondo's common OUSG bar is $5M+ net worth for individuals.
02Know what the token represents
A fund share, a note, or a claim on gold can look alike onchain. Read the offering documents for who holds the asset and how redemptions work.
03Compare fees in the same terms
USTB's fee is 0.15% or less a year on assets; OUSG's 0.15% is waived until January 1, 2027, with fund expenses capped at 0.15%.
04Transfers may be restricted
Permissioned tokens can only move between approved wallets, so you may not be able to sell them on a DEX.
Who should skip all of these
- US retail investors wanting USDY or Ondo Stocks: Ondo bars US persons from those products.
- Anyone expecting crypto-style trading: many tokenized funds redeem only through the issuer.
- Investors who need deposit insurance: tokenized funds are not bank deposits.
Bottom line
US investors should start with Securitize or, if accredited, Superstate. Issuers should look at Centrifuge.
Check each product's eligibility page before anything else: several popular tokenized products are closed to US persons.
Educational content, not financial advice. Crypto assets are volatile; do your own research.
FAQ
What is asset tokenization?
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Issuing a blockchain token that represents a real-world asset, such as a fund share, Treasury bills or gold, so it can be held and transferred onchain.
Can US investors buy tokenized Treasuries?
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Accredited investors and qualified purchasers can buy Superstate's USTB. Ondo's OUSG needs qualified investors. Ondo's USDY is not offered to US persons.
What does tokenized Treasury exposure cost?
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Superstate USTB charges 0.15% or less. Ondo OUSG has a 0.15% management fee, waived until January 1, 2027, with fund expenses capped at 0.15%.
Is Securitize regulated?
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Securitize says Securitize Markets is regulated by FINRA and the SEC, and it runs broker-dealer and transfer agent entities.
Are Paxos reserves audited?
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Paxos publishes attestations, not full audits: KPMG LLP has issued monthly attestations since February 28, 2025, and WithumSmith+Brown did before that. Paxos also self-reports reserve composition each month. In August 2025 NYDFS announced a $26.5 million penalty against Paxos over anti-money laundering failures.
What changed in this list
2026-09-26First version: 6 tokenization platforms, fees and eligibility checked on each issuer's own pages.
2026-10-01Added a FAQ on Paxos reserve attestations.
Who made this page
✓
Fact check
Checked against 8 sourcesLast check: Oct 1, 2026
A value we could not confirm on the project’s own pages is marked “Not verified” instead of estimated.
How we review