Nativity
What does "Nativity" means and what are the different types?
Last updated
What does "Nativity" means and what are the different types?
Last updated
In the context of tokenized assets, nativity refers to the degree to which an asset is integrated with blockchain technology. This classification helps users understand the extent to which an asset's ownership, enforcement, and value transfer occur onchain versus offchain.
The tokenization spectrum consists of five models, progressing from conventional offchain ownership to fully onchain assets:
Ownership: Assets are represented and enforced entirely offchain.
Value Transfer: Transactions and exchanges occur offchain between counterparties.
Example: Traditional real estate or carbon credits managed through centralized registries without blockchain integration.
Ownership: Assets are represented onchain (i.e., via tokens or digital certificates) but legally enforced offchain.
Value Transfer: Still occurs primarily offchain.
Example: Tokenized securities that require offchain legal agreements for enforcement.
Ownership: Assets are represented onchain but rely on offchain mechanisms for enforcement.
Value Transfer: Can happen both onchain and offchain.
Example: Tokenized renewable energy credits where compliance verification occurs offchain but transfers are recorded onchain.
Ownership: Assets are both represented and enforced onchain.
Value Transfer: Transactions occur both onchain and offchain.
Example: Smart contracts automating carbon credit issuance and retirement, reducing reliance on manual processes.
Ownership: Assets are digitally native and entirely enforced onchain.
Value Transfer: All transactions occur onchain without reliance on external enforcement.
Example: Blockchain-native assets such as regenerative finance (ReFi) tokens, where ownership, transfer, and enforcement are all managed via smart contracts.
Each asset listed on our green-crypto marketplace is classified according to this tokenization spectrum. This helps users quickly identify how decentralized and blockchain-integrated an asset is before making an investment or transaction decision.
Offchain assets (Model 1-2): Require external legal frameworks and offchain processes for enforcement and transactions.
Hybrid assets (Model 3-4): Leverage blockchain for representation and enforcement but still rely on some offchain mechanisms.
Fully Onchain assets (Model 5): Operate natively on blockchain, ensuring maximum transparency, automation, and decentralization.
On top of this, we added one category:
Pretoken assets: Tokens that are not yet issued but planned for future tokenization.
Our marketplace classifies assets according to the developed by , which categorizes assets from fully offchain to fully onchain. This classification helps participants gauge the level of decentralization, transparency, and blockchain-native functionality of each asset.
