Short blog posts for busy individuals. Our full-length risk assessment reports might also be interesting to you.
Gold-backed tokens can share the same reference asset while differing materially in chain exposure, issuer domicile, redemption design, legal structure, liquidity, and operational controls.
A token can reference a familiar currency, commodity, debt instrument, or collateral category while adding new smart contract, operational, liquidity, and redemption risks. The digital wrapper changes the diligence question.
Recent npm and PyPI compromises show that trusted build systems are now attack targets. For Web3 teams, the relevant assurance question is whether the deployed bytecode can be proven free of hidden trapdoor surfaces.
Smart contract risk is Low with High confidence across all three. The real differences sit in operational transparency, reserve assurance, liquidity, redemption design, and the evidence available to verify each claim.