Bitfinex Blog/
Tokenised RWAs: Access Is Just the Beginning
Bitfinex discusses the evolution of Real-World Asset (RWA) tokenisation, moving from simple assets like gold and US Treasuries to complex structures like private credit and microfinance. The analysis emphasizes that while tokenisation improves access and efficiency, the token itself is merely an access layer, and investors must perform due diligence on the underlying legal structures, return mechanisms, and liquidity terms of the specific assets.
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Why It Matters
The shift toward complex RWA tokenisation increases the need for investor due diligence as the 'RWA' label masks diverse risk profiles and legal structures, potentially leading to market fragmentation or investor misunderstanding of underlying exposures.