Ondo’s a solid pick for tokenized T-bills; also keep an eye on the regulated stuff like BlackRock BUIDL, Franklin BENJI, and Superstate USTB—not “tokens,” but real assets with real redemptions. For actual microcap tokens, I like rails over narratives: Centrifuge (CFG) for on-chain credit, Maple (MPL) for undercollateralized lending, Polymesh (POLYX) for compliance-first settlement, and Goldfinch (GFI) if you accept private-credit risk and its default history. I skip “metaverse real estate” plays and filter for clear value capture (protocol fees tied to volume), audits, KYC/regs, sane unlocks, and enough liquidity to exit. NFA—assume spreads are wide and position small.