Labs · Step 2
Model your own asset.
Tokenised real-world assets are a new asset class. This sandbox shows, in plain numbers, whether an asset's income can support the structure you give it.
How to use the sandbox
- 01
Value & income
Start with what the asset is worth and what it earns each year after costs. These two numbers drive everything else.
- 02
Split the claim
The senior tranche is paid first at a fixed coupon; the residual tranche takes what is left — more upside, more risk.
- 03
Keep a buffer
A reserve holds back part of income so a bad quarter does not stop payments.
- 04
Read coverage
Coverage = income available ÷ senior payments. Above 1.5x is comfortable, under 1.0x means payments are not covered.
- 05
Check the live context
The panel beside your results shows current public benchmarks (FRED) for your sector — compare your coupon with real rates.
Tokenize sandbox
Model your own asset.
Set a valuation, split it into tranches and see whether the income can carry the structure. Nothing is issued; every figure is your assumption.
Distribution frequency
Evidence in place
Energy · illustrative
Riverside solar portfolio
Net income
$2.0M
Senior coverage
2.11x
Residual yield
10.0%
Quarterly payout
$225K
Coverage under stress
Evidence
33%
Structure
90%
Readiness
59%
Modelled from your inputs only—not a credit rating, underwriting decision, or indication that an asset can be issued.
Challenger flags
- • No legal wrapper yet — holders' claim on the asset is undefined.
Sandbox only — not an offer, a forecast, or an issuance.
Live market context
Public benchmarks from the Federal Reserve Bank of St. Louis (FRED). Context for the sector, not data about this asset.
Loading benchmarks…
Happy with the structure? Carry it into a reviewable document.