1、 RWA 2024:Beyond Speculation:The Rise of Real-World Asset Tokenization November 2024 Authors Preface|2 Authors Preface At the end of 2023,we wrote a research report on Real World Assets(RWA).At that time,the primary market participants were still Web3 natives,with little institutional involvement.Ho

2、wever,2024 marked a turning point,as global tier-one institutions like BlackRock,UBS and Franklin Templeton entered the market.As industry practitioners,we have seen firsthand how competition has intensified,and how two forces,Web3 native and Web2,are starting to converge.This convergence is also a

3、reflection of the gradual integration of Web2 and Web3,with increasing diversity and frequency in the exchange of data,capital,and human resources.As the regulatory landscape for the crypto market continues to evolve,bringing it back to the core principles of finance,we believe that RWA will be a ke

4、y direction for future development.Through faster settlement systems,more transparent markets,and collaborative databases,blockchain technology will ultimately become mainstream,enhancing the efficiency of capital markets and delivering tangible value to the real world.Innovations in technologies li

5、ke Distributed Ledger Technology(DLT)and tokenization are poised to significantly enhance the efficiency of todays financial systems.These advancements promise not only to streamline transaction processes but also to enable new forms of financial interaction that are more transparent,inclusive,and s

6、ecure.By reducing the reliance on intermediaries,speeding up settlement times,and embedding compliance measures through programmability,such technologies present the potential to reshape the foundations of the financial industry.Today,we are witnessing an unprecedented level of public-private collab