Real World Asset Tokenization Primed to Surge in 2023
According to research, the tokenization of real-world assets (RWA) will be one of the major growth areas in 2023.
In its latest report on Jan. 4, analytics firm CoinMetrics highlighted growth areas for the crypto industry in 2023. It cited the tokenization of real-world assets as one of those growth sectors.
The process involves representing physical and traditional financial assets as digital tokens on a blockchain. The tokens can then be bought, sold, and traded just like securities.
Furthermore, this allows for a more secure and efficient investment environment for those that do not or cannot hold the physical assets.