1inch · 2026-10-14 16:27 UTC

What RWAs can you swap on 1inch? Four different tokens on 1inch are linked to Nvidia. NVDAon from Ondo, NVDAx from xStocks, NVDAB from bStocks and NVDAc from Coinbase. Same company, four different assets. Each has its own issuer, legal structure, backing arrangement, eligibility rules and liquidity, and none of them converts into another. That is the part most RWA coverage skips, and it matters more as the list gets longer. Tokenized equities were the first category to arrive on 1inch. There are now six, covering stocks, thematic funds, Treasuries, institutional credit, gold and foreign exchange. Here is what is actually on the list, and what to check before you touch any of it. Tokenized stocks and ETFs The easiest category to understand, and the busiest. Four issuers supply it. Ondo Global Markets was the first major RWA integration on 1inch, live since September 2025. Ondo offers hundreds of tokenized stocks and ETFs linked to traditional securities, including companies such as Nvidia, Tesla and Alphabet. That integration has since generated billions of dollars in RWA trading volume through 1inch infrastructure. xStocks adds another broad selection of tokenized US stocks and ETFs, connecting its tokenized equity infrastructure to 1inch routing through the Swap API in March 2026. bStocks adds another major tokenized-equity ecosystem to 1inch. Launched in June 2026, bStocks are Binance-affiliated tokenized US stocks and ETFs issued by BTECH Holdings Ltd as BEP-20 tokens on BNB Chain. According to the issuer, each token is backed 1:1 by the underlying stock or ETF held with a regulated custodian. 1inch supports 77 bStocks, including assets linked to Nvidia, Tesla, Meta, Microsoft, Strategy and the Invesco QQQ Trust. As of mid-September 2026, bStocks had reached approximately $685 mln in distributed value, making it the second-largest tokenized-stock platform by that measure, behind Ondo. Coinbase is the fourth source. Its tokenized stocks launched on Base using B20, a Base-native token standard built for fungible assets including tokenized equities and other RWAs. Because B20 remains compatible with ERC-20 infrastructure, supported assets can plug into existing DeFi applications and 1inch swap routing. The initial Coinbase selection includes assets linked to Apple, Amazon, Coinbase, Circle, Alphabet, Intel, Meta, Microsoft, Strategy, Nvidia, SanDisk, SpaceX and Tesla, each carrying a c suffix. Tokenized thematic funds For exposure to a sector rather than an individual company, five decentralized token funds built on the Reserve protocol add that option on BNB Chain. Each DTF is a single ERC-20 token backed by a basket of tokenized US stocks from Ondo Global Markets. The baskets are rebalanced according to predefined rules and can be redeemed on-chain for their underlying tokenized stocks in accordance with the Reserve protocol. Rather than choosing individual companies and managing their weights yourself, you access a rules-based basket through one token. The five currently supported focus on different parts of the AI economy: PHOTON, photonics and optical networking BUILDOUT, AI hardware and infrastructure POWER, energy and power infrastructure for AI data centers NEOCLOUD, cloud and compute capacity ROBOTS, robotics and automation Tokenized US Treasuries RWAs are not limited to stocks. Ondo's USDY is a tokenized Treasury product, supported through 1inch since August 2026. USDY is backed by short-term US Treasuries and bank deposits and is designed so that value accrues through the token's price. Treasury products represent a different RWA use case from tokenized stocks. Instead of tracking the performance of a company, they bring exposure to traditional fixed-income assets onto blockchain infrastructure, which gives eligible DeFi users access to another major segment of traditional finance without leaving an on-chain environment. Tokenized institutional credit Maple's syrupUSDC and syrupUSDT represent positions in Maple's institutional lending system. Under Maple's model, lenders provide USDC or USDT through Maple, institutional borrowers take overcollateralized loans and pay interest, and the resulting syrup tokens represent those lending positions. Holding one is not the same as holding the stablecoin it came from. A syrup token is connected to underlying lending activity and is subject to the risks of that lending strategy. 1inch supports syrupUSDC on Ethereum, Arbitrum and Base, and syrupUSDT on Ethereum and BNB Chain. Users can move into or out of these tokens through available liquidity, while the lending, minting and redemption mechanics all remain with Maple. Credit is the category that shows why RWAs are broader than assets that simply reproduce something traded on a stock exchange. Loans and lending positions can also become transferable on-chain assets. Tokenized gold and foreign currencies Tenbin brings the two newest categories. Tenbin Gold, or tGLD, is the first Tenbin commodity token supported through 1inch. It is an ERC-20 token on Ethereum designed to track the US dollar value of one troy ounce of gold. Tenbin states that it uses USDC collateral combined with futures-based hedging and institutional market access to create that exposure. Gold matters here because it is already one of the largest on-chain commodity markets. Two further Ethereum tokens cover foreign exchange: tBRL, designed to track the Brazilian real tMXN, designed to track the Mexican peso Non-USD currencies remain relatively rare in DeFi, where dollar-denominated stablecoins dominate. For a reader whose financial life is denominated in reais or pesos, holding USDC or USDT already represents foreign-currency exposure, and these are the first tokens on 1inch designed to follow something else. Why the same ticker is not the same asset The suffix tells you the issuer. Ondo uses ‘on’, xStocks uses ‘x’, bStocks uses ‘B’ and Coinbase uses ‘c’. So NVDAon, NVDAx, NVDAB and NVDAc are four products from four different companies, and the only thing announcing that is one or two characters at the end of a symbol. Four issuers now list tokenized versions of the same large US companies. The symbols are deliberately similar. The products are not. What differs between them: Issuer and legal structure. Each token is a claim on a different entity under a different framework. Some are certificates representing an interest in underlying shares rather than any form of share ownership. Backing and redemption. How the underlying is held, by whom, and whether you can redeem, varies by issuer and is set out only in their own documentation. Eligibility. Jurisdiction rules differ sharply between issuers, and a token you can hold may be one you were never eligible to buy. Network. bStocks are BEP-20 tokens on BNB Chain and Coinbase's are B20 on Base, so the same company may not be reachable from the chain your funds are on. Liquidity. Four versions of one company means liquidity is split across them, and the deepest one is not always the one you found first. That makes them different products that happen to share a name, which is a distinction worth thirty seconds before a swap rather than afterwards. What 1inch does and does not do here 1inch does not issue or manage these RWAs. Issuance, backing, redemption and eligibility remain with the relevant providers. What it provides is the swap infrastructure that helps eligible users access supported assets through available liquidity. Putting an asset on-chain does not automatically make it easy to trade, and RWA liquidity can be fragmented across issuers, networks and venues, which is the problem aggregation exists to solve. For RWA swaps, 1inch's intent-based infrastructure relies on independent resolvers that fill orders, with availability depending on the asset, network, issuer requirements and jurisdiction. How to swap RWAs via 1inch 1. Open the 1inch dApp or 1inch Wallet. 2. Connect your wallet. 3. Select the network where the RWA is available. bStocks, for example, are supported on BNB Chain. 4. Search for the asset you want to receive, and verify the token and issuer information. 5. Select the token you want to swap from. 6. Review the rate, route and transaction details. 7. Confirm the swap. Step four is the one that matters. Checking which issuer’s token you are actually buying takes a moment. Availability depends on the particular asset, issuer requirements and jurisdiction. Some RWAs are unavailable in the US, UK, EU or other restricted regions, and trading conditions can differ between products. Underlying traditional markets may also have trading hours that affect RWA liquidity and pricing even when the tokens themselves remain transferable on-chain. Explore RWAs on 1inch. Disclaimer: This content is provided for informational purposes only and does not constitute financial, investment, legal or tax advice, or a recommendation to enter into any transaction. 1inch does not issue, sponsor or manage the RWAs described above. Availability is subject to issuer terms, eligibility requirements, jurisdictional restrictions, liquidity and market conditions. Always review the relevant issuer documentation before interacting with a tokenized asset. 1inch makes no representation or warranty as to the composition, backing, redemption or performance of any tokenized asset. Digital assets involve risk, including possible loss of value. Access is subject to applicable law and the restrictions set out in the 1inch Terms of Use.

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