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03 / Tokenized assets IN DEVELOPMENT

Setwise

An original Ceno protocol bringing together tokenized asset discovery, portfolio-style products, market data and multi-source execution.

RWA infrastructure Protocol design Routing Governance Smart-contract security
01 Context / challenge

Tokenized assets, fragmented markets.

Tokenized real-world assets are fragmented across issuers and venues. Discovery is manual, execution is single-source, and portfolio-style products barely exist onchain.

Setwise is Ceno's answer: market infrastructure designed from first principles for multi-issuer tokenized assets — not an adaptation of an existing DEX.

02 Ceno's role

An original Ceno protocol.

Setwise is designed, built and owned by Ceno. The studio runs the full scope: protocol design, market modelling, execution mechanics, security controls and the interfaces that tie them together.

03 What is being built

Market infrastructure for tokenized assets.

  • Asset discovery — a unified view of tokenized assets across issuers.
  • Portfolio-style products — multi-asset constructions on top of discovered markets.
  • Market data — pricing and market information aggregated from multiple sources.
  • Multi-source execution — routing and RFQ execution across venues and counterparties.
  • Cross-chain settlement — settlement flows that span networks.
  • Governance — protocol governance designed alongside the market mechanics.
04 Technical depth

Notable systems.

  • Multi-issuer market modelling — markets normalised across issuers with different asset structures.
  • Routing & RFQ — execution that combines onchain routing with request-for-quote flows.
  • Cross-chain settlement — settlement paths across chains without collapsing into a single venue.
  • Security controls — smart-contract security review and defensive controls treated as core protocol features.
05 Current status

In development.

IN DEVELOPMENT. Setwise is being built toward a simplified public first release. This page carries the IN DEVELOPMENT label until the protocol is publicly live, and will be updated with launch details and links.

06 Links

Live product, source and ecosystem references.

What this demonstrates
RWA infrastructure Protocol design Routing Governance Smart-contract security
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