One person is responsible for every figure here

Who writes this

On-Chain Finance is written and edited by Tolga Güneysel, Editorial Lead at Tonotaco OÜ in Tallinn. Every page carries his name and the date it was last reviewed. There is no anonymous editorial team, no rotating cast of contributors, and no content written by people who do not exist.

That last point is not rhetorical. The site that previously occupied this domain listed four named “experts” with stock photographs, none of whom were real. They were removed rather than replaced. On a subject where readers may act on what they read, an invented byline is not a shortcut — it is the thing that makes everything else on the page worthless.

What we cover

The tokenization of real-world assets, with the emphasis on the parts that are large enough to measure: tokenized US Treasury and money market funds, stablecoins and their yield sources, and the infrastructure underneath both — custody, transfer agency, legal wrappers and settlement.

We cover them as a reference, not as a newsletter. The Yield Board is the central asset: a maintained table of every tokenized treasury product we can verify, with each figure carrying its own source and date.

The standard

• A number without a date is not published. Our data model makes it structurally impossible to record a figure without its as-of date, its source and its evidence tier.
• Filings beat issuer marketing; issuer marketing beats trackers. Where they conflict we say so and show both, rather than picking one quietly.
• We do not forecast. No price targets, no adoption curves, no trillion-dollar projections with a date attached.
• Uncertainty is stated, not smoothed. “Two sources differ by 19% and neither explains why” is a finding, and we print it.
• No hype vocabulary. Nothing here is revolutionary, seamless or a game-changer. If a claim needs those words, it is not a claim.

The full source hierarchy, the exclusion rules and the corrections policy are on the calibration page. How the site is funded and what conflicts exist are on the disclosure page.

Why it exists

Almost everything written about tokenization is written by someone selling it. Issuers publish their own numbers, platforms publish comparisons that place themselves first, and the aggregators that fill the gap are, on inspection, frequently wrong — we found a tracker overstating one fund family roughly fifteenfold, and a major issuer understating its own fund by a factor of ten on its own website.

There is room for a source that measures instead, states its method, and is willing to publish the parts that do not reconcile.

Contact and corrections

Corrections, particularly from issuers whose products we have misdescribed, go to [email protected]. See contact.

Published by Tonotaco OÜ, Ahtri tn 12, 10151 Tallinn, Estonia. Registry code 16914587.