Real World Assets (RWAs) in crypto have a long history, starting with fiat-backed stablecoins such as Tether (USDT) However since the introduction of DeFi in 2020 and the bear market of 2022, a more diverse variety of RWAs have been tokenized to cater to the needs of on-chain investors. While RWAs are still predominantly focused on debt / credit, other assets such as real estate art & collectibles, etc have also piqued the interest of investors
Fundamentally RWA projects live at the intersection between the real world and blockchains and between issuers and investors. Whether they can act as an effective intermediary at these intersections will be pivotal to their success. While there will inevitably be reliance on third partiessuch as oracles custodians, credit assessor and more how these are effectively utilized and managed will remain crucial for their continued operations