Real-world-asset tokenization on Berachain begins with the same premise as elsewhere - wrapping legal or economic claims to an off-chain asset in an on-chain token - but the economics differ once Proof-of-Liquidity enters the equation. That design choice is already visible across six projects today. 

Fortunafi’s tokenized T-bill receipts, Kettle’s luxury watches, and Reservoir’s rUSD stablecoin all stake their receipt tokens into whitelisted vaults, letting validators cover custody and oracle overhead with BGT rather than the issuer’s operating budgets. 

HiveBits extends this over to the world of agriculture by minting beehive-backed (yes, those are a real thing) NFTs whose IoT telemetry feeds the same reward circuit, while StableHold fractionalizes racehorse ownership and routes vault rewards to offset training and insurance costs. PawPass, a blockchain-verified digital ID for your pets, wants to anchor its health records in Berachain vaults, so veterinarians and travel operators can query records at no cost to the user. 

Real world animals. 

Together these projects combine baseline cash flows / collateral yield from the RWAs, plus incremental PoL emissions that accrue automatically while the tokens sit in a wallet - turning Berachain into a subsidy rail for bringing tangible value on-chain. The sections that follow this will examine 1) how each live protocol uses PoL in their RWA offerings, 2) how they take advantage of Berachain’s architecture, and 3) where the bottlenecks still exist.

Enjoy.

Looking around at the eco

Berachain structures participation around reward vaults: contracts that accept stakeable receipt tokens and accumulate BGT according to validator delegation choices. Because BGT cannot be traded, its value comes from governance weight and in the ability to boost future emissions, which in turn keeps validators competing for vault yield rather than passively staking. The mechanism lifts some of the capital-formation burden from issuers, making sub-$10 million tokenizations economically feasible where Ethereum gas costs and marketing budgets would otherwise dominate.

Fortunafi illustrates the model in the fixed-income space. Its TAP programme mints ERC-20 receipts for short-dated U.S. Treasury bills and high-grade ETFs, then auto-stakes those receipts in a vault that has averaged 6-8% annualized BGT emissions since launch. The baseline treasury coupon flows back to token holders in real time, while the PoL layer covers audit reports, custody and redemption onboarding, lowering Fortunafi’s fee schedule below comparable tokenized-bond products on other chains. Liquidity has risen to eight figure BERA equivalents within the first month, helped by the fact that redemptions settle in the same block without off-chain clearing.

Reservoir takes a treasury management angle. Its rUSD stablecoin holds a diversified basket of on-chain and real world collateral, publishes daily proof-of-reserve attestations, and stakes NAV receipts in a vault that receives steady validator interest. The set-and-forget yield has grown rUSD liquidity pools on Kodiak to more than $14 million, and growing. Because the vault’s BGT emissions scale with NAV, Reservoir can expand collateral without lofty incentive budgets, stabilizing balance sheet growth over time.

Kettle targets the luxury collectibles market, specifically high quality watches. Each verified watch offered for sale on Kettle is stored in an insured vault and represented by an NFT, tracking provenance and service history. As far as demand goes, Kettle recently sold out over $250,000 of watches in its mystery box sale, exclusively on Berachain. 

HiveBits applies the RWA playbook to apiculture. Each NFT maps to a physical beehive instrumented with sensors that report temperature, humidity and honey yield. Weekly data proofs mint hive performance tokens that funnel BGT to hive owners, subsidizing equipment and beekeeper labour. Early analytics show emission-adjusted yields comparable to other agricultural co-ops, attracting environmentally focused investors who value transparent supply chain data. HiveBits plans to integrate weather hedging oracles next, turning vault emissions into a parametric insurance buffer against colony collapse.

StableHold moves into sports entertainment by fractionalising elite racehorses. Describing the problem in this thread here, Stablehold is trying to redefine ownership by unlocking access to elite competition, with each tranche NFT carrying a proportional claim on prize money and future stud fees. In the future, quantitative metrics like training milestones or veterinary reports could feed into a PoL vault that distributes BGT according to performance, offering additional rewards for Stablehold users regardless of outcome. The structure lowers ticket sizes for retail investors and stabilizes cash flow for trainers, who avoid higher interest loans between race seasons, opting to move their business entirely on-chain. 

PawPass rounds out the group with a service-focused RWA, tokenizing your pets. It issues tamper proof pet IDs that bundle things like vaccination records, microchip data and ownership certificates to create a full and immutable record of your pet. Down the line, PawPass could be used by airlines or border agencies who query the ID hash before approving animal transport, while pet owners could earn BGT for staking the pass in a vault that underwrites vet sign-off costs, essentially turning pets into profit. PoL turns just another administrative expense into an asset that accrues rewards, just as long as the pet’s records stay current, showing how non-financial RWAs still have a lot to gain from Berachain’s architecture.

The common thread across these protocols is the ability for PoL to convert validator block rewards into subsidies to ease onboarding or business operations. Each vault exposes a transparent incentive-per-BGT ratio, letting delegates chase risk-adjusted yield, while issuers can benefit from a more deterministic emission curve. Cross contract composability allows Fortunafi receipts to collateralize rUSD loans or finance Kettle inventory, compounding liquidity with every hop. Even so, scaling limits still remain. As the next section will cover, we’re just scratching the surface of what’s possible on Berachain.

Doing more with RWAs 

PoL’s design lets builders monetise any verifiable off-chain action by wrapping it in a receipt token and staking that token in a vault. This approach can push RWA tokenization into sectors often considered too operationally heavy for on-chain deployment. Berachain’s incentive engine disrupts upfront costs while the network’s EVM equivalence keeps developer overhead low (check out the most recent Bectra upgrade for more on this), providing an attractive sandbox for experimentation.

With that foundation, entire asset classes once considered too operationally heavy for public chains become viable. 

Short-dated invoices, renewable energy outputs, freight milestones, crop sales, verified carbon offsets - all of these share similar patterns. Generate a data proof, mint a receipt, stake it in a vault, and let BGT emissions backfill fees, insurance, CAC - whatever it may be. 

Whether the cash flow comes hourly, seasonally or after the final settlement, PoL’s emission curve can mirror it, aligning validator rewards with underlying business performance while keeping token holders liquid and rewarded every step of the way.

The broader implication here is that Berachain functions as a subsidy rail for on-chain capital formation. As more apps and vaults compete for validator attention, yield differentials will reveal which sectors deliver the cleanest data and the most dependable cash flows. Combined with quick exits and multiple routes for success, PoL gives issuers a clear choice: if the asset can be proved, it can be tokenized, subsidized and traded, all without dumping the incentive burden onto a corporate treasury.

By turning tangible economic activity into PoL-eligible receipts, Berachain provides the programmable subsidy rails that lower the friction of bringing real assets on-chain. Whether the underlying collateral is a Treasury bill, a Rolex Submariner or a measurable mega watts of solar energy, this combination of reward vaults, near-instant validator liquidity and EVM compatibility helps position Berachain as a very suitable network for practically any RWA project looking to scale its business. 

If any of these projects stood out to you and you’re looking to learn more, you can check out Berachain’s Ecosystem Page here and stay updated by following the Berachain Foundation on X right here.

Thanks for reading, beras.