While XAUT is widely recognized as a gold-backed real-world asset (RWA) token, Chinese Digital Oil Fund (CDOF) has gained momentum through speculation and energy-related narratives. So, is CDOF a legitimate RWA or simply another narrative-driven crypto token? In this guide, we’ll break down CDOF vs XAUT, explain what defines a “real” RWA, and explore whether CDOF belongs in the same category.