Know exactly what to ask before you allocate to a tokenised treasury.

On headline yield, tokenised treasury products look much alike. What separates institutional-ready from unworkable is the operating model. This guide gives your team the framework to tell them apart.

• An 8-area diligence framework covering the operational realities a yield figure hides: settlement, liquidity, custody, eligibility, reporting, onchain utility, risk controls and provider structure.

• “What good looks like” for each area so you can benchmark any provider against strong institutional practice rather than a sales deck.

• A fast red-flags screen to disqualify weak products in minutes before you commit evaluation time.

• A tickable checklist and scoring worksheet to take straight into provider conversations and compare options side by side.

• Segment lenses showing how treasury teams, trading desks, funds and DAO treasuries should prioritise the same criteria differently.