Collaterize wallet

What is Collaterize (COLLAT)?

COLLAT is the token of Collaterize, a project built around tokenizing real-world assets: a mobile app where an asset owner starts the tokenization of something tangible and follows what happens to it, plus a purpose-built chain for recording and verifying those assets. The token itself does not live on that chain. It is an SPL token on Solana, and it began life as a Pump.fun launch, which is where most of the practical details for a holder come from.

Because it is an SPL token, COLLAT sits in a token account tied to your Solana address rather than in the address directly. The first time COLLAT arrives, the network takes a small deposit of SOL to open that account, and every later transfer costs a fraction of a cent in SOL. No SOL means no way to move COLLAT, so keep a little of the base coin next to it. Like other Pump.fun tokens, COLLAT has no freeze or mint authority, so the supply you see is the supply there is and nobody can freeze your account.

One trap is worth knowing about. Pump.fun makes it trivial to launch a token with any name, and "Collaterize" and "COLLAT" have copies on the same platform. The ticker in a wallet list is not proof of anything; the mint that matters is the one the project itself points to, and you should compare it before sending money to a pool or accepting a transfer.

Tangem handles this the way it handles any Solana holding: the SOL that pays for the token account and the transfers lives in the same wallet as the COLLAT it moves, and each transfer is confirmed with a tap of the card on the phone rather than a cable or a battery. A holder who tops up or sends small amounts now and then gets a routine that fits in a pocket, which is a good match for how this token is usually held.

Supported networks in Tangem (1): Solana.