Tokenize Everything, But Can You Sell It? RWA Liquidity Challenges and the Road Ahead
Tokenizing real-world assets (RWAs) aims to bring fractional ownership and global access to illiquid assets like real estate and private credit. While the market is growing, empirical data shows low trading volumes despite high token values. Structural barriers such as fragmented marketplaces, regulatory restrictions, and valuation opacity prevent efficient trading, indicating a gap between technical tokenization and practical liquidity.