What RWA Tokenization Means in Capital Markets

RWA tokenization has moved from concept into real capital markets work, with institutions using blockchain rails to issue bonds, record fund shares, settle collateral, and distribute private assets. The underlying assets remain traditional instruments—bonds, fund interests, receivables, property claims, or commodity exposure—with tokenization changing the record-keeping, transfer, and settlement layer underneath. The article emphasizes that tokenization is not a shortcut around securities law but a way to make regulated instruments easier to issue, transfer, reconcile, and program.