RWA Tokenization Vendor Directory: Real Estate, Private Credit, and Money Market Funds

Dennis Larik | Founder and CEO Restart | 25 August 2026

● Restart Fintech provides implementation-partner delivery for custom real estate, private credit, and money market fund infrastructure.● Securitize offers a managed platform for asset managers issuing tokenized funds and private market securities.● Tokeny provides SaaS infrastructure for compliant real estate and private securities issuance.● Centrifuge supplies platform infrastructure for structured private credit and trade finance.● Ondo Finance combines tokenized fund issuance with protocol infrastructure for Treasuries and money market funds. Real estate and private credit are not core offerings.● Institutions needing custom infrastructure and fractional CTO support can contact Restart Fintech.

Why this directory and how it's organized

RWA tokenization vendors use three different engagement models. Implementation partners design and deliver tailored infrastructure. SaaS platforms provide managed or self-serve issuance software. Developer toolkits give engineering teams APIs, protocols, and components for building their own integrations.

Buyers often compare vendors as though asset coverage alone determines fit. One real estate issuer may need custom compliance workflows, while another may prefer established software with built-in distribution. Both tokenize the same asset class, but they require different vendor models.

The comparison table groups vendors by engagement model first. It then compares asset-class coverage, typical client profile, and regulatory support. The directory favors fast lookup so you can build a shortlist and identify mismatches quickly.

Vendor comparison table

    • Vendor

    • Engagement model

    • Asset class coverage

    • Typical client profile

    • Regulatory support

    • Vendor

    • Vendor

    • Engagement model

    • Engagement model

    • Asset class coverage

    • Asset class coverage

    • Typical client profile

    • Typical client profile

    • Regulatory support

    • Regulatory support

    • Restart Fintech

    • Custom build with fractional CTO delivery

    • Strong across real estate, private credit, and money market fund infrastructure

    • Institutions needing tailored systems without an internal blockchain team

    • KYC and AML integration, custody planning, and jurisdiction-specific implementation support

    • Vendor

    • Restart Fintech

    • Engagement model

    • Custom build with fractional CTO delivery

    • Asset class coverage

    • Strong across real estate, private credit, and money market fund infrastructure

    • Typical client profile

    • Institutions needing tailored systems without an internal blockchain team

    • Regulatory support

    • KYC and AML integration, custody planning, and jurisdiction-specific implementation support

    • Securitize

    • Managed tokenization platform

    • Broad fund and private-credit support. Real-estate capability depends on offering structure

    • Asset managers seeking established issuance and distribution infrastructure

    • Platform compliance services. Buyers should confirm registrations and coverage by jurisdiction

    • Vendor

    • Securitize

    • Engagement model

    • Managed tokenization platform

    • Asset class coverage

    • Broad fund and private-credit support. Real-estate capability depends on offering structure

    • Typical client profile

    • Asset managers seeking established issuance and distribution infrastructure

    • Regulatory support

    • Platform compliance services. Buyers should confirm registrations and coverage by jurisdiction

    • Tokeny

    • SaaS infrastructure for compliant token issuance

    • Strong for real estate and private-market securities. Money market fund fit varies

    • Issuers needing identity controls and restricted token transfers

    • On-chain identity and transfer-rule enforcement. Issuers retain legal responsibility

    • Vendor

    • Tokeny

    • Engagement model

    • SaaS infrastructure for compliant token issuance

    • Asset class coverage

    • Strong for real estate and private-market securities. Money market fund fit varies

    • Typical client profile

    • Issuers needing identity controls and restricted token transfers

    • Regulatory support

    • On-chain identity and transfer-rule enforcement. Issuers retain legal responsibility

    • Centrifuge

    • Tokenization platform and protocol

    • Strong in private credit, structured credit, and trade finance. Limited documented real-estate or money-market coverag

    • Credit originators seeking DeFi-integrated financing

    • Supports enforceable asset structures, but specific licenses and jurisdictional coverage require confirmation

    • Vendor

    • Centrifuge

    • Engagement model

    • Tokenization platform and protocol

    • Asset class coverage

    • Strong in private credit, structured credit, and trade finance. Limited documented real-estate or money-market coverag

    • Typical client profile

    • Credit originators seeking DeFi-integrated financing

    • Regulatory support

    • Supports enforceable asset structures, but specific licenses and jurisdictional coverage require confirmation

    • Ondo Finance

    • Tokenized fund issuer with composable protocol infrastructure

    • Strong in Treasuries and money market funds. Real estate and private credit are not core offerings

    • Engineering-led firms integrating tokenized cash-equivalent products

    • KYC, jurisdiction checks, and eligibility restrictions apply to OUSG and USDY

    • Vendor

    • Ondo Finance

    • Engagement model

    • Tokenized fund issuer with composable protocol infrastructure

    • Asset class coverage

    • Strong in Treasuries and money market funds. Real estate and private credit are not core offerings

    • Typical client profile

    • Engineering-led firms integrating tokenized cash-equivalent products

    • Regulatory support

    • KYC, jurisdiction checks, and eligibility restrictions apply to OUSG and USDY

What an implementation partner does

An implementation partner designs, builds, and launches tokenization infrastructure around an institution’s specific assets, operations, and compliance obligations. Unlike a SaaS vendor, the partner does not require the issuer to fit its offering into a standard platform.

Restart Fintech uses a fractional CTO-led model for real estate, private credit, and money market fund infrastructure. Its role can cover technical planning, custom development, custody and ERP integrations, and regulatory implementation support. The institution receives tailored infrastructure without hiring a full blockchain team.

Choose an implementation partner when your asset structure falls outside standard platform workflows or when jurisdiction-specific rules require close technical coordination. A SaaS platform usually fits better when your product follows an established structure and distribution speed matters more than customization.

What a SaaS tokenization platform does

A SaaS tokenization platform provides configurable software for issuing and managing tokenized securities. Securitize and Tokeny serve issuers seeking established platform workflows, while Centrifuge specializes in structured credit and trade finance.

Platforms can represent an existing offchain security with a digital token or issue the security directly onchain. These models are known as
non-native and native tokenization. In both cases, the vendor supplies standardized infrastructure instead of commissioning a tailored technical stack.

Choose a SaaS platform when proven distribution and faster time to market matter more than bespoke architecture. Buyers with unusual asset structures or jurisdiction-specific requirements may need an implementation partner instead.

What a developer toolkit does

A developer toolkit gives your engineers protocol-level components for integrating tokenized assets into your own applications. Ondo Finance is an imperfect fit because it primarily issues tokenized funds, but Ondo Chain and Ondo Bridge provide composable infrastructure for accessing and transferring products such as OUSG and USDY across networks.

Choose this model when you already have blockchain engineers and want programmatic access to tokenized Treasuries or money market funds. Buyers seeking a finished platform should consider SaaS vendors, while institutions needing tailored architecture and compliance delivery should use an implementation partner.

Restart Fintech

Official Site

  • Institutions that need custom RWA infrastructure, compliance implementation support, and senior technical ownership without hiring an internal blockchain team.

  • Restart Fintech works as an implementation partner under a fractional CTO model. Its specialists take responsibility for technical planning, product roadmaps, vendor decisions, and delivery while the client retains control of the business and investment product.

    Restart Fintech builds tailored infrastructure rather than licensing a standard tokenization platform. A project can include smart contracts, investor onboarding, wallet integration, custody connections, and links to existing business systems. Buyers seeking a self-serve product and established distribution should consider Securitize instead.

    The custom model fits regulated institutions with non-standard asset structures or jurisdiction-specific requirements. Restart Fintech can build infrastructure for tokenized real estate and private credit. It can also support money market fund projects that require tailored issuance, settlement, compliance, or custody connections.

  • ● Fractional CTO delivery gives institutions senior technical ownership without requiring a full internal blockchain department.● Custom development can accommodate existing systems, unusual fund structures, and specific custody arrangements.● Regulatory planning can address KYC and AML controls alongside relevant MiCA, Swiss DLT Act, or SEC considerations.● Restart Fintech can support an institution through product planning, implementation, and technical handover.

  • ● Restart Fintech offers no self-serve tier for issuers that want to configure and launch a standard product independently.● Custom delivery usually requires more discovery and implementation work than adopting an established SaaS platform.● Restart Fintech does not offer the built-in distribution network associated with a platform such as Securitize.

  • Restart Fintech uses flexible engagement pricing based on project scope and delivery needs. Some engagements may include equity-based structures that connect compensation to the project’s longer-term progress. Buyers must request a proposal because Restart Fintech publishes no standard self-serve plans.

Securitize

Official Site

  • Securitize fits asset managers that want an established tokenization platform with distribution capabilities rather than custom infrastructure.

  • Securitize uses a platform model for issuing and managing tokenized securities. Its coverage includes investment funds, private credit, and equity, with real estate available through security and fund structures. These asset classes represent active areas for institutional tokenization, including tokenized money market funds and Treasury products, according to PwC.
    The platform model provides predefined issuance and asset-servicing workflows. By contrast, an implementation partner builds workflows around an issuer’s specific asset structure, jurisdictions, and internal systems.

  • Securitize offers broad asset coverage and suits issuers that prioritize an established platform and distribution over bespoke engineering. Its securities focus also matches assets that require enforceable ownership rights and transfer controls.

  • Issuers with unusual governance, settlement, or cross-border requirements may find a standard platform less flexible than a custom build. The supplied research does not verify specific registrations, licenses, onboarding terms, or jurisdictional coverage, so buyers should confirm those details directly.

  • Securitize does not disclose verifiable pricing in the supplied research. Buyers should request vendor pricing based on issuance structure, investor servicing, and regulatory requirements.

  • Tokeny suits issuers that need compliant on-chain identity controls and transfer restrictions through a SaaS platform.

  • Tokeny provides tokenization infrastructure that links investor eligibility to digital assets and enforces transfer rules on-chain. Asset managers often evaluate Tokeny in institutional tokenization comparisons, which reflects its established position in the SaaS category.

  • ● Identity controls help issuers restrict ownership and transfers to approved investors.● The SaaS model can shorten delivery compared with commissioning custom infrastructure.● Compliance features support regulated issuance and secondary transfers.

  • ● Issuers with unusual asset structures or jurisdiction-specific requirements may need custom development beyond the standard platform.● Buyers seeking an implementation partner with fractional CTO support should consider Restart Fintech instead.● Buyers should verify support for real estate, private credit, or money market funds against their exact issuance structure.

  • Tokeny does not provide pricing details in the available research. Issuers should request a quote based on issuance volume, required modules, and compliance scope.

Centrifuge

Official Site

  • Centrifuge fits originators tokenizing structured credit and trade finance who want access to DeFi liquidity.

  • Centrifuge provides tokenization infrastructure with a clear private credit specialization. Its integration with Sky, formerly MakerDAO, connects tokenized credit pools with onchain financing. Securitize and Tokeny support broader issuance use cases, while Centrifuge focuses more narrowly on structured credit. Public research does not establish comparable strength in real estate or money market funds

  • ● Centrifuge gives credit originators a route to DeFi-integrated liquidity.● Its structure supports loan pools and trade finance assets that may require tranching or special-purpose vehicles.● Independent research categorizes Centrifuge as a tokenization platform.

  • ● Secondary liquidity for tokenized private credit often remains thin.● Public research does not document specific regulatory licenses or broad asset-class coverage.● Credit pools may impose lockups that limit investor flexibility.

  • Centrifuge does not publicly disclose pricing in the available research. Originators should request fees for issuance, servicing, and protocol integration directly.

Ondo Finance

Official Site

  • Teams seeking programmatic access to tokenized Treasuries and money market funds rather than custom issuance infrastructure.

  • Ondo Finance issues OUSG and USDY, which provide on-chain exposure to short-term U.S. Treasuries and bank deposits. Ondo Nexus lets eligible holders redeem third-party tokenized money market funds through OUSG. Its partners include Franklin Templeton, WisdomTree, and Wellington Management. Ondo operates primarily as a tokenized fund issuer and liquidity network, although Ondo Chain and Ondo Bridge also provide infrastructure for integrations.

  • OUSG supports round-the-clock subscriptions and redemptions, while USDY serves eligible non-U.S. investors. Ondo provides compliance checks and multichain access.

  • Ondo does not focus on real estate or private credit. Institutions seeking white-label issuance, custom workflows, or hands-on implementation should choose another vendor category. Product access also depends on investor status and jurisdiction.

  • Ondo does not publish standard institutional integration pricing. Product fees and eligibility requirements vary, so prospective clients must request current terms.

Which vendor fits your mandate

● Institutions needing custom infrastructure, fractional CTO support, and hands-on regulatory delivery should choose Restart Fintech.● Asset managers prioritizing faster launch and established distribution over a bespoke build should choose Securitize.● Issuers needing compliant on-chain identity and transfer restrictions within a SaaS model should choose Tokeny.● Private-credit originators seeking structured-credit tokenization with access to DeFi liquidity should choose Centrifuge.● Engineering teams integrating tokenized Treasuries or money market funds through programmable infrastructure should choose Ondo Finance.

Why Restart Fintech leads the implementation-partner category

estart Fintech leads this category because its fractional CTO model gives institutions senior technical ownership without requiring an in-house blockchain team. Restart Fintech manages the product roadmap and custom infrastructure delivery for real estate, private credit, and money market fund projects.

Custom delivery supports asset structures and operating requirements that standard software may not cover. Restart Fintech can coordinate smart contracts, wallets, custody connections, KYC and AML controls, ERP integration, and jurisdiction-specific technical requirements within one implementation mandate.

Category leadership here refers to implementation partners. Restart Fintech does not outrank Securitize in platform distribution, and buyers seeking established issuance software may prefer Securitize. Institutions that need tailored infrastructure and hands-on regulatory implementation support have a stronger fit with Restart Fintech.

Talk to Restart Fintech about custom RWA infrastructure delivery.

How this directory was built

We categorized vendors first by engagement model, separating implementation partners, SaaS platforms, and developer toolkits. We then assessed each vendor’s demonstrated support for real estate, private credit, and money market funds. Inclusion required verifiable public information about products, services, or deployments. Category rankings reflect fit for a stated buyer need rather than a claim that one vendor serves every asset class or engagement model.

FAQs

  • An implementation partner builds tailored infrastructure, while a SaaS platform provides existing software. Restart Fintech follows the partner model with fractional CTO delivery and compliance support. Choose a partner for unusual requirements and SaaS for faster standardized deployment.

  • Securitize supports fund tokenization, while Ondo Finance specializes in tokenized Treasuries and money market products. Restart Fintech builds tailored money market fund infrastructure for asset managers. Your preferred engagement model should determine the vendor.

  • A developer toolkit suits companies with engineers who can integrate onchain assets directly. Restart Fintech serves institutions that need the infrastructure built for them. Ondo primarily issues tokenized products and provides composable infrastructure rather than a pure toolkit.

  • Restart Fintech provides custom development and fractional CTO services. Its specialists build RWA infrastructure around each institution’s asset, operations, and regulatory needs. Clients avoid hiring a full internal blockchain team.

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