The integration of Real World Assets (RWAs) with blockchain technology was a notable trend in 2023.

Claim

Name

The integration of Real World Assets (RWAs) with blockchain technology was a notable trend in 2023.

Types

Quotes that support the claim

"The tokenization of real world assets (RWAs) has been a use case for blockchain technology for years, and yet we haven't seen substantial institutional interest in RWAs until now. The value of tokenized assets across all public blockchains has already reached $118.57 billion."

"The pace of real world asset tokenization picked up steadily in 2023. That’s likely to increase next year, with Ethereum well placed to benefit."

"At its core, real-world asset tokenization creates an investment vehicle on the blockchain that is linked to tangible assets such as real estate or automobiles, or anything else that could exist in physical form. Once ownership is recorded onchain, the asset can be traded, fractionalized, or held securely."

Subclaims

The trend included the onboarding of assets onto Web3 platforms and the increasing use of public blockchains by traditional financial institutions.

Tokenization of RWAs has gained substantial institutional interest.

Tags

Integration of RWAs with Blockchain

Referenced by

2023 Closing Review

Crypto