Real-world assets are moving into blockchain-based markets as businesses look for new ways to represent ownership, investment rights, and asset value digitally. Real estate, private credit, commodities, artwork, infrastructure, and other physical or financial assets can be represented through blockchain tokens. This shift has increased interest in RWA Tokenization among financial institutions,...

Real estate tokenization is often described as a way to divide property ownership into digital tokens. However, the legal and economic structure can be more nuanced. In many tokenized real estate models, the physical property remains owned by a legal entity such as a Special Purpose Vehicle (SPV), while investors receive tokens representing shares, beneficial interests, debt claims, revenue...