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RWA Tokenization: What Does it Mean to Tokenize Real-World Assets?

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Imagine you want to buy an Andy Warhol artwork. Most of us can’t afford to fork over $195 million for a Marilyn painting, but what if you could buy “shares” of an artwork like you can buy shares of a publicly traded company? tobyleah explains:

This tokenization of real-world assets isn’t just happening in art, but in bonds, cars, gold, houses and more. It’s a concept that’s gaining momentum andIn this piece, we’ll break down how real-world asset tokenization works and the advantages it offers to investors.Tokenizing Real-World Assets Explained

It allows fast, efficient 24/7 trading of items that traditionally only could be done during “working hours”Its transparent process increases trust and accountability for traders In the case of fiat currency, stablecoins are the most obvious form of real-world asset tokenization. Tokens such as Tether or USDC are tokenized dollars. Each token represents one actual dollar that the company has in reserve, and allows for faster and direct settlements between parties.What’s Next for RWA Tokenization

 

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Avalanche Foundation allocates $50M investment to on-chain asset token purchasesThe Avalanche Foundation announced a $50 million investment initiative to spur tokenization on the Avalanche blockchain. Avalanche Vista comes amid a groundswell trend toward tokenization throughout the blockchain community. Essentially, tokenization allows anyone to convert an off-chain asset into a digital, on-chain token.
Source: Cointelegraph - 🏆 562. / 51 Read more »