Hong Kong Report Questions Universal Tokenization Amid $12.5B RWA TVL Surge

Released on August 7 in Hong Kong, the 'Real-World Asset Warranty (RWA) Industry Development Research Report - Industry Edition 2025' systematically proposes a screening framework for tokenization amid record RWA TVL figures.

Summary

A report released in Hong Kong on August 7, as cited by PANews and 36Kr, challenges the notion that all assets can be tokenized by systematically outlining criteria and a framework for screening. It emphasizes that only assets with value stability, clear legal title, and verifiable off-chain data are viable for large-scale tokenization.

Terms & Concepts
  • tokenization: The process of converting assets into digital tokens on a blockchain.
  • RWA TVL: Total Value Locked in tokenized real-world assets, measuring their aggregated value.