RWA market cap$33.7B1.7%
Stablecoin market cap$303.5B0.7%
US Treasury Debt$15.0B2.0%
Commodities$6.9B4.5%
Asset-Backed Credit$2.3B5.3%
Specialty Finance$1.7B0.4%
Stocks$1.6B9.7%
non-US Government Debt$1.4B0.6%
Active Strategies$1.4B1.8%
Venture Capital$1.0B1.3%
Private Equity$780M0.8%
Corporate Credit$687M0.5%
Diversified Credit$626M0.1%
Real Estate$178M0.1%
RWA market cap$33.7B1.7%
Stablecoin market cap$303.5B0.7%
US Treasury Debt$15.0B2.0%
Commodities$6.9B4.5%
Asset-Backed Credit$2.3B5.3%
Specialty Finance$1.7B0.4%
Stocks$1.6B9.7%
non-US Government Debt$1.4B0.6%
Active Strategies$1.4B1.8%
Venture Capital$1.0B1.3%
Private Equity$780M0.8%
Corporate Credit$687M0.5%
Diversified Credit$626M0.1%
Real Estate$178M0.1%

Global Access Protocol.

A framework for compliant issuance and trading of tokenized securities in DeFi.

Brought to you by
The Digital Securities InitiativeTokenized Asset Coalition
The protocol

Verify once. Transact everywhere.

GAP is a compliance aware protocol that works on any permissionless network to unlock composability for tokenized assets.

Read the lite paper
Composability

Everything works together.

A single onboarding credential works everywhere. Smart contracts compose. DeFi and tokenized assets actually work together.

Privacy

Privacy by design.

Structural separation: identity, transactions, and contracts are never co-located. GAP is compatible with privacy chains too.

Compliance

Regulatory rules enforced.

Jurisdiction-level and per-asset rules are enforced by GAP smart contracts. AML, anti-market manipulation, and MEV are solved.

Jurisdiction-agnostic

Designed for the world, not for one regulator.

Asset-agnostic. Different regulators can govern their own zones: different rules, different asset classes, one underlying protocol.

Tokenization's promise has been unfulfilled.

And we're fixing it.

  • a key priority of my chairmanship is to allow market participants to innovate with “super-apps.”

    Paul S. Atkins
    Paul S. AtkinsChair, U.S. Securities and Exchange Commission
  • Tokenization could transform finance like the internet did in 1996.

    Larry Fink
    Larry FinkChairman & CEO, BlackRock
  • Tokenization of real-world assets is projected to grow from around USD 0.6T in 2025 to USD 18.9T by 2033.

    Boston Consulting Group
    Boston Consulting GroupTokenization forecast, 2025 to 2033
  • a key priority of my chairmanship is to allow market participants to innovate with “super-apps.”

    Paul S. Atkins
    Paul S. AtkinsChair, U.S. Securities and Exchange Commission
  • Tokenization could transform finance like the internet did in 1996.

    Larry Fink
    Larry FinkChairman & CEO, BlackRock
  • Tokenization of real-world assets is projected to grow from around USD 0.6T in 2025 to USD 18.9T by 2033.

    Boston Consulting Group
    Boston Consulting GroupTokenization forecast, 2025 to 2033
The problem

Compliance kills composability.

Every issuer must individually verify and whitelist every holder. Each one is doing the right thing. Together they make the system unusable.

Centrifuge
  • 0x123…4f1aAlice
  • 0xAbC…3e8cBob
  • 0x456…9d2fCharlie
+ 244 moreCentrifuge
Securitize
  • 0x123…4f1aAlice
  • 0xAbC…3e8cBob
  • 0x456…9d2fCharlie
+ 244 moreSecuritize

Re-onboarding loop

Every new asset means a new whitelist. The same investor verifies themselves to issuer after issuer, with no shared substrate.

The current state

User experience is awful.

  • Low or no utility
  • More expensive
  • Confusing portfolio management

Demand is low.

Tokenized$30B
Total assets$400T
0.0075%of total assets
Roadmap

The Road to the Promised Land.

Phase 1: US Securities.

  1. Q3 2025DSI and TAC team up on Global Access Protocol.
  2. Q4 2025Completed comprehensive regulatory review.
  3. Q1 2026Conducted first meeting with SEC crypto task force.
  4. Lite paper released.
  5. White paper released.
  6. Regulatory model released.
  7. Q2 2026Second meeting with the crypto task force.
  8. On the horizonFormal SEC relief requested.
  9. Q4 2026SDK alpha.
  10. Mainnet pilot.
Phase 2

Commodities, Futures, and Prediction Markets.

Phase 3

International Jurisdictions.

The ecosystem

We're recruiting ecosystem partners.

GAP holds the layers together. Wallets, issuers, DeFi, networks, and the institutions that bridge them come together on one foundation. Some seats are filled. Others are open.

Issuers

Increase AUM.

Wallets

Offer tokenized securities compliantly.

DeFi protocols

Increase transaction volume and TVL of tokenized securities compliantly.

Permissionless networks

Host onchain capital markets compliantly.

Regulated EntitiesRecruiting

Compliant distro for Brokers, Transfer Agents, and RIAs.

Service ProvidersRecruiting

Onboarding and transaction monitoring services.

What GAP will enable
Everything app

One interface for every asset.

Public, private, tokenized, or off-chain. All in a single wallet view.

Agentic portfolios

Autonomous portfolio agents.

Agents that manage compliance, yield, and risk continuously across asset classes.

New financial products

Structured products, composable.

Built across asset classes. The composability institutional finance has been waiting for.

Want to get involved?

Receive updates about our progress and opportunities for early involvement.