Dow Protocol(@DowProtocol):A fund can be onchain while its information remains offchain. Tokenized ownership, 24/7 transferability, and smart-contract settlement do not automatically make the underlying risk more observable. If portfolio data still arrives monthly, the investor is holding a digital asset with an analogue information cycle. For onchain credit, the real upgrade is not just tokenizing the fund. It is shortening the distance between what happens in the underlying asset and what the investor can actually see.

2026.10.02 12:25

A fund can be onchain while its information remains offchain. Tokenized ownership, 24/7 transferability, and smart-contract settlement do not automatically make the underlying risk more observable. If portfolio data still arrives monthly, the investor is holding a digital asset with an analogue information cycle. For onchain credit, the real upgrade is not just tokenizing the fund. It is shortening the distance between what happens in the underlying asset and what the investor can actually see.