๐ท RWA.xyz Splits Tokenized Assets Into Two New Categories: Distributed vs. Represented
RWA.xyz introduced a new classification framework for tokenized real-world assets, dividing the market into 'Distributed Assets' (tokens that can be moved to outside wallets and transferred peer-to-peer) and 'Represented Assets' (tokens locked to the issuing platform, used mainly for internal recordkeeping). The change comes as the tokenized asset market has grown past 400 distinct products, making the old catch-all label too vague for serious analysis. Because some previously tracked tokens are now classified as 'Represented,' RWA.xyz's headline market-size figures may shrink in the data โ not due to a market contraction, but a reclassification. The firm expects a number of Represented Assets, such as Figure Technologies' tokenized HELOCs, to migrate toward Distributed status as DeFi integrations and regulatory clarity expand. For institutional investors and fintechs, the framework offers a clearer lens for due diligence: distinguishing tokens built for open capital-market access from those simply digitizing back-office infrastructure.
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