XRADE
What do you actually own?
A token called AAPL is not Apple. It is a claim against a legal wrapper, and the wrapper decides whether you can redeem, whether you receive the dividend, whether you vote, what happens in a corporate action, and where you rank if the issuer fails.
The same ticker exists in several wrappers at once. They do not agree with each other. Almost nobody checks, because the answer sits in a filing or a PDF rather than on the page where the token is sold.
XRADE is the record of what you actually own.
Method
Every field is a stored assertion with a source, a date and the exact sentence that supports it. Nothing is modelled, averaged or carried forward. Where two sources disagree we publish both and name them, because the disagreement is the thing being measured.
Where no document discloses an answer, we say so. A blank is a finding, and it is a different answer from one we have not looked for yet.
The size of it
Both totals published by rwa.xyz, read 24 August 2026, stamped by them the same day. Nine times apart, and the difference is only whether the token can move. Neither number is wrong. Most reporting picks one and does not say which.
Automated trading
An agent resolving an asset by its ticker finds several tokens and no way to rank them. It cannot see which one is canonical, that a corporate action has moved a multiplier and the supply it just read is wrong, or that the wrapper it is about to buy carries no claim on the underlying at all. It will trade anyway. That is what it is for.
The documents that would tell it otherwise are largely not machine readable. One issuer's terms refuse any automated reader outright. Another has served an empty page for seventeen months. A third states its issuing entity once, inside a script bundle. A fourth published its wrapper agreements and then removed them, and they survive only in a web archive. We record what each of those does. We do not say why.
An agent reading only what is discoverable would, for most of these products, conclude the holder owns something they do not.
XRADE answers unknown rather than estimating. For a person that is an inconvenience. For a machine it is the difference between stopping and acting on a number invented to fill a field.
If you are building agents that touch tokenised assets, tell us what you need and we will prioritise it.
One reading
Read from the fund's own Form D filings. The holder count fell while the fund grew. A tracker that overwrites each filing with the latest one shows 28 and nothing else.
Currently measuring
In build
- ondo.botOndo Global Markets
- canton.botCanton Network
The two in build have a holding page and nothing more yet. Each site reads one network on its own schedule, from its own sources. XRADE is the record that sits across them, because a single network cannot show you what the same asset looks like somewhere else.
Contact
If any of this is close to what you are working on, we would like to hear from you.