I keep seeing RWAs described as simply “putting real-world assets on-chain,” but the more I looked into it, the less simple that sounded.
If an existing asset gets a token on a blockchain while custody, settlement, investor records and other parts of its lifecycle still depend on separate systems, then the token is really only one piece of the process.
Dusk makes a distinction here that I found interesting: tokenization can represent an existing asset on-chain, while native issuance means the asset itself can be created and managed around on-chain workflows, including issuance, transfers and settlement.
That made me wonder whether we're sometimes measuring RWA adoption too early.
Counting how many assets have been tokenized tells us something, but it doesn't necessarily tell us how much of the actual financial workflow has moved on-chain.
Maybe the harder milestone isn't getting an asset onto a blockchain.
It's getting the asset's lifecycle there too.
How much of today's RWA activity is really changing financial infrastructure, rather than just adding a blockchain representation to an existing process?
#dusk $DUSK @Dusk
If an existing asset gets a token on a blockchain while custody, settlement, investor records and other parts of its lifecycle still depend on separate systems, then the token is really only one piece of the process.
Dusk makes a distinction here that I found interesting: tokenization can represent an existing asset on-chain, while native issuance means the asset itself can be created and managed around on-chain workflows, including issuance, transfers and settlement.
That made me wonder whether we're sometimes measuring RWA adoption too early.
Counting how many assets have been tokenized tells us something, but it doesn't necessarily tell us how much of the actual financial workflow has moved on-chain.
Maybe the harder milestone isn't getting an asset onto a blockchain.
It's getting the asset's lifecycle there too.
How much of today's RWA activity is really changing financial infrastructure, rather than just adding a blockchain representation to an existing process?
#dusk $DUSK @Dusk