Tokenized real-world asset

Real-World Asset or RWA is an asset class within blockchain and cryptocurrency that represents a digital token of a tangible or intangible asset existing outside the blockchain ecosystem. These tokens are created through a process called tokenization, which aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). RWAs can represent a wide range of assets, such as real estate, government and corporate bonds, commodities like gold, private credit, and works of art. This asset class is considered a key driver of digital asset adoption, with some financial leaders, such as BlackRock CEO Larry Fink, describing the underlying technology as "the next generation for markets." The asset class has garnered significant attention from financial regulators, with bodies such as the U.S. President's Working Group on Digital Asset Markets outlining frameworks for its integration into national financial systems.