Rights underlying the token, first on RWA blockchain

AnubisChain states that the focus on RWA should be on ownership, claim rights, and holder rights: what a token represents must be understood in conjunction with the underlying asset structure and terms. Taking tokenized securities as an example, educational materials from Investor.gov distinguish between issuer-led, custodial, and synthetic models. Under different structures, holders may receive varying rights; while the synthetic model can provide price exposure, it does not grant holders any rights against the issuer of the underlying security. Therefore, when reviewing RWA project documentation, one should first clarify: who bears the rights? Are there associated dividends, voting rights, or redemption arrangements? What are the conditions and limitations for exercising these rights? These questions need to be verified through issuance documents, custody agreements, and related contracts. For RWA infrastructure, on-chain records combined with clear rights arrangements jointly influence the actual use of assets.