# Asset Vaults ## What are Asset Vaults? ***Asset Vaults*** are TrueFi vaults that facilitate off-chain credit, or "Real World Asset" (RWA), activity. ### Why are Asset Vaults useful? Asset Vaults represent off-chain instruments by using onchain attestations, or Asset *Reports.* By using this structure, Asset Vaults can facilitate diverse and complex RWA activities, such as: * *Deploy capital to off-chain uses:* portfolio managers (PMs) can use Asset Vaults to create representations of off-chain debt instruments, ETFs, etc. * *Support 100+ loans/instruments in a single vault:* Asset Vaults enable PMs to represent many loans or off-chain instruments with low gas costs. * *Floating rate loans:* PMs can create loans that reference off-chain benchmark rates (e.g. SOFR + 200). * *Amortizing loans:* PMs can create loans that support complex repayment schedules, following existing structures found in the traditional finance world. ### How do Asset Vaults work? Asset Vaults function similarly to [Credit Vaults](/brila-protocol/credit-vaults.md), with the exception that portfolio managers disburse funds using onchain asset reports, rather than disbursing funds to onchain loans. Asset Vaults are made up of modular components, enabling PMs to configure vaults to their unique needs. ### Are Asset Vaults audited? Yes, see here:\ ### Can I demo Asset Vaults? Yes, see [Asset Vault tutorial](/brila-protocol/asset-vaults/asset-vault-tutorial.md). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.brila.finance/brila-protocol/asset-vaults.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.