Unlocking Real-World Asset Tokenization: Overcoming Obstacles to Drive Greater Adoption and Efficiency

As the financial industry explores the next wave of innovation, tokenization of real-world assets (RWA) has emerged as one of the most promising—yet misunderstood—frontiers. From bonds and real estate to trade finance and private credit, tokenization offers the potential for greater liquidity, transparency, and efficiency. But despite its promise, widespread adoption remains limited by regulatory uncertainty, technical integration challenges, and market readiness.

This working group will explore the real benefits and the practical obstacles of tokenization, giving community members a grounded understanding of where the value truly lies, what barriers must be addressed, and how TradFi institutions can strategically engage in this evolving landscape. Among the topics to be addressed:

• Efficiency and accessibility: How tokenization can streamline issuance, settlement, and secondary trading of traditionally illiquid assets.
• Risk and regulation: Key legal, compliance, and custody considerations slowing institutional adoption.
• Interoperability and standards: The importance of common frameworks to ensure scalability and cross-platform asset mobility.
• Path to adoption: What institutional infrastructure, governance models, and partnerships are needed to move from pilots to production.