Tokenization of real-world assets has moved from whitepaper territory into live deal flow, we’re seeing real capital, real issuances and real regulatory frameworks taking shape across multiple jurisdictions.

What makes this moment interesting is that the conversation has shifted. It’s no longer whether RWAs get tokenized, but which asset classes, which infrastructure, and which legal wrappers actually hold up when institutional money enters the room.

So rather than rehash the thesis, we’re going to focus on what the deal flow actually looks like, where the friction is, and what needs to happen next for this market to scale.