Pricing
The different prices shown in the interface, and why they are not always identical.
| Price | What it is | Source |
|---|---|---|
| Token market price | The current onchain price of the tokenized asset. | Helius (real-time), with a secondary price API as fallback |
| 24h change | Change in the token's price over 24 hours. | Price API |
| Execution quote | What a specific trade would deliver, including impact and fees. | Execution provider |
| USD display value | Token amount × token market price. | Derived |
| Underlying reference value | The price of the underlying security or commodity in its own market. | Not displayed |
Premium and discount
A tokenized asset's market price can differ from the value of its underlying. Differences can arise from onchain liquidity, the underlying market's trading hours, how and by whom the token can be redeemed, the issuer's structure and general market conditions. RwaMarkets displays the token's own price and does not present it as the price of the underlying.
Unavailable prices
Price providers omit tokens without a reliable recent price. RwaMarkets shows “Price unavailable” in that case and excludes the holding from portfolio totals rather than valuing it at zero.
Balance multipliers
Some issuers (for example xStocks) apply dividends and splits through a Token-2022 balance multiplier stored on the mint. Displayed amounts apply this multiplier, matching what wallets show; the raw onchain amount is unchanged.