Understanding real-world assets: A vision for penetration of tokenization in India
Binance Research report revealed that the market value of on-chain real-world assets (RWAs) has surged past $12 billion. In 2022, Boston Consulting Group (BCG) predicted that the tokenized asset market could skyrocket to an astounding $16 trillion by 2030. Over the past few months, RWA tokens have been steadily gaining momentum, signaling a major shift in market sentiment. Real World Asset tokenization or RWA Tokenization, a groundbreaking use case of blockchain technology, might still be in its early phase, but its potential is immense.
What is RWA and why is the world becoming increasingly bullish on RWAs, and where do we stand in this rapidly evolving landscape? Does it have any relevance in the Indian context? This article will answer some of these questions.
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At its core, RWA tokenization is a pioneering approach to ownership that harnesses the power of blockchain technology. RWAs refer to tokenized, on-chain versions of tangible and intangible non-blockchain assets, for instance, real estate, bonds, commodities, etc.
In simple words, tokenization is the process of turning real-world assets into digital tokens using blockchain technology. It allows people to own smaller, more affordable portions of high-value
