The tokenisation of real-world assets (RWAs) expands access to various financial instruments, including treasury-related products, gold, as well as more specialised credit, commodity, and cash flow structures. This allows investors to participate in activities that were previously inaccessible or required significant barriers to entry.

This approach could transform the market by making traditional assets more liquid and attractive to a broader range of investors. However, it remains unclear exactly how such tokenised assets will be regulated and what risks may arise from their mass adoption.