Real-world assets are moving further on-chain. Now you are able to buy a tokenized stock. When you want to do something with it, your wallet can’t lend against it. A lending platform takes crypto collateral but doesn’t support that RWA. Another service supports the asset, but now you have to move it there first. The asset is still on-chain and nice and ready, but actually using it means jumping between services.
CoinRabbit is adding 22 RWA crypto assets to its wallet, swaps, and crypto loans. The RWA lineup includes tokenized stocks, ETFs, and other traditional-market instruments. SPYX, NVDAX, TSLAX, and AAPLON, as well as 18 other assets, now stay inside the CoinRabbit wallet for you to hold, swap, or borrow against them.
Tokenized real-world assets have passed $34 billion in distributed value, excluding stablecoins. A September 2026 Dune report put the market at $34.5 billion after 141% growth over the previous year. Tokenized stocks represented only 8% of the RWA market covered by the report but generated 93% of its on-chain trading activity. CoinRabbit’s addition deals with the next question: can an RWA do something besides sit still in a wallet? For these 22 assets, the answer is now yes.
What Are RWA-Backed Loans, and How Do They Work?
RWA-backed loans are crypto loans secured by tokenized real-world assets, such as tokenized stocks and ETFs, instead of BTC or ETH. Tokenized stocks are digital tokens on a blockchain that track the price of traditional shares and ETFs, such as TSLAX for Tesla or NVDAX for NVIDIA.
The standard flow would be using BTC, ETH, or another expected crypto. Crypto-backed lending lets a borrower deposit an asset, receive a loan against part of its value, and recover the collateral after repayment. CoinRabbit applies the same basic structure to supported RWA tokens.
In practice, it works much like a margin loan from a brokerage: the stocks stay in place as collateral, and the loan amount depends on their value. The difference is that the collateral is a tokenized stock held on-chain, and CoinRabbit issues the loan in 10 minutes.
You keep economic exposure through the collateral. The same asset now does two jobs: you keep the position, and it backs your loan. Suppose you hold NVDAX. CoinRabbit determines how much you can borrow based on the asset’s value and the available Loan-to-Value ratio, or LTV. If your collateral is worth $10,000 and you choose a 50% LTV, the loan starts at $5,000. If you choose 90%, you get $9,000. Once you repay the loan and the applicable interest, CoinRabbit returns the equivalent collateral according to the loan terms.
That last part is important because borrowing doesn’t remove market risk. If the value of the tokenized asset falls, your LTV rises. A sufficiently large decline can push the loan toward its margin-call or liquidation level. CoinRabbit calculates a margin-call level for each loan and displays it in the user’s account. So RWA-backed loans don’t turn stocks into cash without consequences. They let you borrow against tokenized exposure without first closing that exposure.
How to Borrow Against Tokenized Stocks on CoinRabbit
Borrowing against tokenized stocks follows the same basic collateral flow as other CoinRabbit loans.
1. Choose Your RWA Collateral
Select one of the 22 supported crypto assets in the RWA lineup, such as SPYX, NVDAX, HOODX, TSLAX, or AAPLON.
2. Choose Your Loan Terms
Enter the amount you want to use as collateral. Review the available LTV and loan terms. CoinRabbit currently offers LTV options from 50% to 90%. All rates and available terms are set when you create the loan.
Higher LTV gives you more capital here and now, but it also leaves less room before the loan’s risk zone. Exact conditions depend on the collateral and selected loan structure.
3. Provide Your Loan Address and Confirm
Choose the loan asset, provide the address where you want to receive it, and complete the required confirmation.
4. Send the RWA Collateral
Transfer the selected tokenized asset to the collateral address provided for the loan. Once the collateral arrives, CoinRabbit processes the loan and sends the borrowed funds to the payout address in 10 minutes.
5. Manage the Loan
Watch the collateral value, LTV, interest, and margin-call level from your CoinRabbit account.
CoinRabbit monitors collateral prices continuously for liquidation purposes. Its terms state that collateral rates are compared with its liquidity partner’s rates every second. If the price reaches the applicable liquidation level, the collateral can be sold automatically according to the loan terms.
6. Repay and Get Your Collateral Back
Repay the loan plus the applicable interest. After full payment, CoinRabbit returns your collateral.
How Are Your Assets Protected, and What Happens When Traditional Markets Close?
Tokenized stocks combine two systems that run on very different clocks. The token lives on a blockchain. The underlying stock, ETF, or other traditional asset belongs to a market with its own trading sessions, liquidity, price discovery, holidays, and settlement infrastructure.
Some tokenized assets can continue moving between blockchain addresses while Wall Street goes home. Depending on the token and venue, secondary trading may also continue. But the underlying stock still follows its own market hour.
When the traditional market is open, price discovery can draw on active trading in the underlying instrument. Outside those hours, the token may still move on-chain while the market it references isn’t producing the same live price discovery. Dune’s recent RWA research specifically found that tokenized markets behave differently from the traditional assets they reference. For a collateralized loan, that distinction is important because the collateral still has to be valued and the loan still has a liquidation threshold.
CoinRabbit’s terms state that its system compares collateral rates against pricing from its liquidity partner and can liquidate automatically when the applicable margin-call level is reached. Users should therefore look at the price and risk levels CoinRabbit displays for the loan because the last traditional-market close doesn’t freeze the collateral value until the next opening bell.
On the custody side, CoinRabbit states that loan collateral is held in cold wallets with multisig access and isn’t re-lent, rehypothecated, or otherwise reused.
Which Platforms Offer RWA-Backed Loans?
Platforms that offer RWA-backed loans against tokenized stocks include CoinRabbit, Teller, and Fractio, and CoinRabbit currently supports the widest lineup with 22 RWA assets and LTV up to 90%.
RWA-backed lending is still much less standardized than borrowing against BTC or ETH. Different platforms support different token issuers, chains, loan assets, LTVs, and liquidation models. Here’s what that looks like in practice as of October 2026:
| Platform | Tokenized Stock / RWA Collateral | LTV | Loan Structure | Liquidation Model |
| CoinRabbit | 22 RWA assets, including SPYX, NVDAX, TSLAX, HOODX and others | Up to 90% across lending; exact RWA terms shown per loan | Fixed-term and open-ended structures available across CoinRabbit lending | Margin-call/liquidation level calculated per loan |
| Teller | 9 tokenized equity and ETF collateral assets listed on Ethereum | Up to 75.2% in currently listed stock pools | Fixed-term; pool-specific terms | Listed stock pools use fixed terms without mid-loan margin-call liquidation |
| Fractio | Tokenized NVDA, SPY and AAPL, plus ETH | 75–80% LLTV for listed tokenized equity/ETF markets | Borrow USDG through isolated markets | Isolated collateral markets with individual LLTVs |
CoinRabbit’s existing lending system supports both open-ended and fixed-term loans, while the exact rate depends on the LTV, loan type, collateral, and market conditions.
Teller currently lists nine tokenized equity and ETF collateral markets on Ethereum. Its published data shows maximum LTVs ranging from 33.3% for TSLAx to 75.2% for its Apple tokenized-equity pool, with terms set at the pool level.
Fractio takes another route through isolated markets. Its current markets list tokenized NVIDIA at 77% LLTV, SPY at 80%, and Apple at 75%, with USDG as the borrowed asset.
Frequently Asked Questions about RWA-Backed Loans
What are RWA-backed loans?
RWA-backed loans are collateralized loans secured by tokenized real-world assets rather than conventional cryptocurrencies such as BTC or ETH. You deposit an eligible RWA token as collateral, borrow against part of its value, and recover the equivalent collateral after repaying the loan according to its terms.
Where can I get tokenized stocks like TSLAX or NVDAX?
In the CoinRabbit wallet, tokenized stocks such as TSLAX, NVDAX, and SPYX can be swapped from other crypto assets, then held in the wallet or pledged as loan collateral.
Which RWA assets does CoinRabbit support?
The new RWA lineup consists of SPYX, QQQX, HOODX, NVDAX, CRCLX, TSLAX, CRCLON, METAX, MSTRX, SPYON, NVDAON, AMZNX, QQQON, MCDX, SLVON, TSLAON, IAUON, MSFTON, AMZNON, AAPLON, METAON, and SPCXX. These assets are being added for collateral use alongside CoinRabbit Wallet and swap functionality.
What are the risks and benefits of RWA-backed loans?
The main benefit is liquidity without closing the position: the tokenized stock keeps its exposure while backing the loan. The main risk is liquidation: if the collateral loses enough value, the LTV rises, and once it reaches the liquidation level, CoinRabbit sells the collateral to cover the loan. RWA tokens also carry risks tied to the token itself, including the issuer, the backing structure, and how on-chain pricing tracks the traditional asset.
About CoinRabbit
CoinRabbit is a crypto asset management platform built for long-term capital preservation. It enables users to manage liquidity across instant payments, lending, trading products, and the Private Program, all within a single ecosystem. With the addition of RWA collateral, CoinRabbit extends the same setup to tokenized real-world assets. Since 2020, CoinRabbit has kept 100% reserves, keeping clients’ funds safe and never reused.
