RWT
Base yield & liquidity token — aggregates real-world yield into one unified asset
Ownership Tokens
Project-level ownership tokens — represent real, legally backed claims on RWA projects
ARL
Protocol governance token — controls AREAL through futarchy-based decision making
Each token operates at a different layer of the system. Together, they form a closed economic loop: Ownership Tokens generate yield from real assets → RWT aggregates this yield into unified liquidity → ARL governs the rules that connect everything.
RWT — Real World Token
is the protocol’s base token designed to solve liquidity fragmentation in the RWA market. Instead of scattering capital across dozens of isolated pools, AREAL aggregates yield from multiple real-world assets into one token. RWT accumulates diversified RWA yield through held in its vault, becoming the single point of access to the protocol’s entire portfolio.Flatcoin nature
RWT price is anchored to a dynamically growing NAV Book Value — not pegged to $1, but steadily appreciating as real-world yield flows into the vault
Permissionless minting
Anyone can mint RWT at any time at current NAV Book Value — no whitelists, no gatekeepers, no approvals
Deep dive: Real World Token
Vault mechanics, NAV Book Value, master pools, permissionless minting, and the full liquidity architecture
Ownership Tokens
represent real, legally enforceable ownership of tangible and intangible assets within the AREAL ecosystem. Each Ownership Token is tied to a DAO Ownership Company — a legal entity that officially holds all project assets. Token holders have a genuine claim on real-world value, not just a speculative digital asset.Revenue-generating
Assets produce real-world yield — rent, fees, royalties, interest — distributed to holders through governance
Freely tradeable
OTs trade on the open market, providing liquidity and transparent price discovery for every project
Deep dive: Ownership Tokens
DAO Ownership Companies, legal structure, revenue distribution, and futarchy governance at the project level
ARL — Protocol Token
is an of the AREAL protocol itself. Just like any Ownership Token represents real ownership of a specific RWA project, ARL represents ownership of the AREAL protocol — including all intellectual property, products, infrastructure, and economic flows. ARL holders collectively govern the protocol through futarchy.Four revenue streams
DEX fees, RWT Engine, yield distribution fees, and treasury operations fund the AREAL DAO
Protocol governance
ARL holders set all key parameters — minting fees, DEX commissions, distribution rules, risk limits
Deep dive: ARL Protocol Token
Revenue sources, protocol governance, treasury operations, and how ARL relates to Ownership Tokens
Summary
Multi-token design
Three distinct tokens — each with a defined role, scope, and economic function
Real-world yield
Revenue from tangible assets flows through the system — not speculation, but real income
Unified liquidity
RWT solves fragmentation by aggregating yield from all projects into one deep market
Legal ownership
Ownership Tokens are backed by DAO Ownership Companies — real legal entities holding real assets
Market-driven governance
ARL governs through futarchy — decisions evaluated by outcomes, not opinions
Closed economic loop
Yield, liquidity, and governance layers reinforce each other in a self-sustaining system