Oldschool Classification Matrix
Not all real-world assets trade the same. A money market fund behaves differently than tokenized gold, which differs from real estate tokens. Each requires distinct valuation methods.
The OCM segments assets into four categories based on liquidity profiles and baseline behavior. Built for precision.
📖Understanding the four categories▼
Baseline: Par+AI (par value + accrued interest)
Liquidity: T+0/T+1 settlement, primary market only
Updates: Daily NAV/baseline refresh
Examples: BUIDL, STBT, OUSG
Baseline: Official fund NAV (issuer reports)
Liquidity: T+1/T+2 redemption cycles
Updates: Daily or weekly NAV publications
Examples: MAPLE, SCOPE, CRDT
Baseline: Live spot reference (LBMA gold, CME silver)
Liquidity: Continuous intraday markets
Updates: Hourly price + spot sync checks
Examples: PAXG, XAUT
Baseline: Last appraisal or periodic NAV
Liquidity: Secondary markets only (thin)
Updates: Quarterly/annual appraisals + proxy signals
Examples: COURTYARD, REALT
Fixed Income
3 assetsMoney markets & short-duration treasuries; baseline from fund NAV or par+AI where applicable.
BlackRock USD Institutional Digital Liquidity Fund
Short-term Treasury Bill Token
Ondo Short-Term US Government Bond Fund
Dynamic Peg
2 assetsLive spread: token price vs. spot reference (LBMA/CME/oracle).
Paxos Gold
Tether Gold
Illiquid / Periodic
2 assetsDiscount to last appraisal/NAV – always with NAV age.
RealT Property Token (Example)
Courtyard Collectible (Example)
Methodology
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Dive into the detailed framework behind the four regimes, pricing rules, confidence bands, and proxy signals that power this matrix.