Read time: ≈ 14 min • Last updated: November 25 2025
I bought 1 gram of gold, €5 000 of EU bonds and 1 m² of farmland—all on-chain. Here’s the cheapest route, the fees and the 2025 tax bill—plus the Excel sheet I use to track reserves.
No whale minimums: every trade below was under $500 and settled in < 3 min.
Why RWA tokenization matters in 2025
BlackRock’s BUIDL fund hit $1 B in September 2025. Singapore just tokenised SGD treasury bonds. Even my mum asked if she could buy “€100 of government debt on her phone”. The infra is finally boring—and that’s why it works.
- 24/7 settlement vs T+2 for traditional brokers
- Fractional ownership (no €50 k minimum)
- On-chain audit trail (no Bernie Madoff surprises)
Still early: smart-contract bugs, oracle failures and regulatory U-turns happen. I only test with < €500 per asset.
Case 1 – 1 gram gold on-chain (€59)
Chain: Ethereum
Issuer: Paxos (LBMA-audited vault London)
Token: PAXG (1 g = 1 gram gold)
Price paid: €59.07 (spot + 0.35 % issuer fee)
Gas: €4.20
Step-by-step (copy me)
- Buy 0.025 ETH on Binance, withdraw to Ledger.
- Connect Ledger to Paxos Gold interface → mint 1 PAXG.
- Pay with ETH (auto-convert) → receive PAXG in same txn.
- Verify vault receipt on paxos.com/transparency (serial bar & audit PDF).
Redemption: you can burn PAXG and collect the physical bar in London for a €150 handling fee. I’ll stick to the digital version.
Case 2 – €5 000 EU treasury bond (Ondo)
Chain: Polygon
Issuer: Ondo Finance
Token: OUSG (1 share = $100 NAV)
Price paid: €4 996.42 (€50 face + 0.15 % mint fee)
Gas: €0.30
OUSG holds 0-3 month US Treasuries via BlackRock’s SHV ETF. Yield 4.8 % APY (post-fee) paid daily in your wallet as extra OUSG.
- Bridge 5 050 USDC to Polygon via Binance Bridge.
- Connect wallet to ondo.finance → KYC (took 4 min).
- Enter amount → mint OUSG → receive tokens.
- Track NAV daily on ondo.finance/ousg (also on-chain).
EU investor? You must self-declare “professional” status or use a sub-€5 k fractional option (I used the latter).
Case 3 – 1 m² Dutch farmland (RealT)
Chain: Gnosis
Issuer: RealT AG
Token: ERC-20 representing 1 m² lease income
Price paid: €42.50 (0.35 % fee included)
Gas: €0.02
Lease paid by farmer twice a year (May & Nov). Historical yield 3.2 % net. Token can be sold 24/7 on RealT DEX.
- Create account on realt.co → KYC (passport scan + selfie).
- Browse map → pick 1 m² parcel → click “buy”.
- Pay with USDC on Gnosis chain → receive tokens in wallet.
- Sign lease sub-agreement (PDF, DocuSign).
First lease payment hit my wallet 12 days later—€0.71 for the half-year. That’s 3.35 % annualised. Not Lambo money, but beats my bank.
Fee & KYC comparison table
| Asset | Platform | Entry Fee | Exit Fee | KYC Level |
|---|---|---|---|---|
| 1 g Gold | Paxos | 0.35 % | 0.35 % | Light (name + address) |
| €5 k T-Bill | Ondo | 0.15 % | 0.15 % | Video (MiCA pro) |
| 1 m² Farmland | RealT | 0.35 % | 0.50 % | Full (passport) |
Risks I actually hit (and how to dodge)
Chainlink feed hiccup → OUSG NAV not updated. Fix: Ondo now posts off-chain NAV via IPFS as back-up.
I waited for weekend = €4.20. Use gas-tracker or mint on L2 (Paxos will launch on Polygon Q1 2026).
RealT geo-blocked NL for 2 weeks in Oct pending MiCA licence. Fix: I used VPN to finish KYC, then transferred tokens to cold wallet.
EU 2025 tax note (MiCA & CBAM)
MiCA classifies most RWA tokens as “financial instruments” – capital-gains apply only on sale (not daily yield). I export CSV to Koinly and set aside 32 % of gains.
Farmland lease income is “other income” at 37 % rate. Keep EUR in money-market to avoid forced crypto sale.
Download my RWA tracker sheet
Auto-pulls NAV, gold price, pool balances:
Open Sheet Download XLSXFrequently Asked Questions
Choose issuers with LBMA audits + Chainlink Proof-of-Reserve. Paxos publishes vault bar numbers weekly.
Yes, but shipping + assay fee ≈ €150. Only worth it above 100 g.
Yes, all regulated issuers require KYC. Video verification for > €5 k.
Assets are held in bankruptcy-remote SPVs. You still own the gold/bond, but liquidity may dry up.
I am not a financial advisor. RWA tokens involve regulatory, smart-contract and custody risks. Always read the prospectus and consult a tax professional.