RWA Tokenization: The Infrastructure Question Nobody's Asking
Real–world asset tokenization has a credibility problem. The idea is sound. The execution, mostly, is not. Most commentary treats tokenization as a product. It is not. It is an infrastructure shift – and infrastructure shifts are won or lost by the teams that build the rails, not the teams that write the pitch decks. What tokenization actually is A tokenized asset is a cryptographic claim on something real – a bond, an equity share, a commodity, a building, a painting – recorded on a...