RWA-PoB: A Credential-Based Proof-of-Backing Framework for Tokenized U.S. Treasury Products
Proof of reserves (PoR) can improve transparency for tokenized assets, but aggregate reserve coverage does not establish whether off-chain assets are legally eligible, unencumbered, consistently valued, or sufficiently liquid for redemptions. We propose RWA-PoB, a credential-based proof-of-backing framework for tokeniz...