The Biggest Risk In Tokenization Is Not Knowing What You Own

In an opinion piece on Yellow, Kula co-founder Chris Turner argues that the biggest risk in real-world asset (RWA) tokenization is that investors often do not know what they actually own. He highlights the Gulf Cooperation Council as a leading tokenization region, citing Mubadala Capital's tokenized private markets fund in Abu Dhabi, Saudi Arabia's world-first sovereign-native tokenized property title deed transfer, and Qatar's plans to tokenize real estate. Turner contends that 'tokenized asset' is a label stretched across 13 structurally different financial instruments with differing ownership rights, raising unresolved questions about claims, platform insolvency, and liability as the industry moves toward institutional-grade adoption.