> For the complete documentation index, see [llms.txt](https://docs.cournot.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cournot.ai/use-cases/verticals-what-cournot-enables/real-world-assets-rwa.md).

# Real-World Assets (RWA)

Oracle layers: 1.0 + 2.0 + 3.0 | Status: Live

RWA is one of the broadest verticals for Cournot because tokenized real-world assets require oracle services at every layer of the stack.

### Collectibles & Trading Cards (TCG)

Collectibles: trading cards, rare sneakers, vintage watches, fine art — represent a market that Oracle 1.0 cannot serve. There is no single price feed for a PSA 9 1986 Michael Jordan Fleer rookie card. Pricing requires:

* Multi-marketplace aggregation (eBay, StockX, PWCC, specialist dealers, private sales)
* Condition and grading normalization (PSA 10 vs. PSA 7 can mean a 5-50x price difference)
* Recency and volume weighting (a card that sold once last month vs. daily trades)
* Event-driven adjustments (a player's card spikes after a championship win)

Cournot provides **Oracle 2.0 semantic pricing** for these assets, aggregating fragmented data into a verified composite valuation. For collectible minting and pack openings, Cournot also provides **Oracle 1.0 VRF** for provably fair randomness.

For high-value items requiring authenticity verification, **Oracle 3.0 attestation** cross-references grading certificates, ownership history, and marketplace listings to produce a verified provenance chain.

### Treasuries, Fixed Income & ETFs

Tokenized treasuries, corporate bonds, municipal bonds, and ETFs need:

* Oracle 1.0: NAV price feeds, yield data, coupon schedules
* Oracle 2.0: Cross-source composite pricing, basis calculations, yield curve analytics
* Oracle 3.0: Issuer credit assessment, covenant compliance verification, event-driven revaluation (rating changes, regulatory actions)

### Real Estate

Tokenized real estate portfolios require ongoing verification, not just one-time attestation:

* Oracle 2.0: Location-specific valuation from comparable sales, rental yield analytics
* Oracle 3.0: Occupancy verification, insurance status confirmation, regulatory compliance
* Oracle 4.0: Continuous collateral monitoring — flagging deviations in occupancy, rental income, or local market conditions

### Commodities

Physical commodity tokens need:

* Oracle 1.0: Spot and futures prices
* Oracle 2.0: Basis-adjusted pricing by delivery location, quality grade normalization, multi-venue composites