Examples Of RWAs Definitions Incoherence

Please see the table below for a summary of recent, notable articles on RWAs, which can be used as a proof of general industry inconsistency as to how RWA should be understood, defined and classified. As long as consensus on what RWA actually means, there will be no viable business solutions and framework related to their effective universal tokenization.

Source

Quote

Example of correct definition?

Comment

https://www.bitcoin.com/get-started/what-are-real-world-assets-rwa/

Real World Assets (RWAs) are a class of crypto tokens that represent tangible assets that exist outside the digital spectrum

RWA mistaken with tokens

RWA is not a token or tokenization.

https://academy.binance.com/en/articles/what-are-real-world-assets-rwa-in-defi-and-crypto

Real world assets (RWAs) tokenize tangible real assets by linking physical assets to the blockchain.

RWA mistaken with tokens

RWA is not a token or tokenization. It is not limited to physical assets.

https://polymesh.network/real-world-assets

Real-world assets (RWAs) are fungible or non-fungible tokens that represent traditional financial assets on the blockchain

RWA mistaken with tokens

RWA is not a token or tokenization. It is not limited to traditional financial assets.

https://crypto.com/research/real-world-assets

Real World Assets is a promising application for blockchain technology that is gaining traction

RWA mistaken with application

Real world assets should be mistaken with any type of application.

https://cointelegraph.com/learn/tokenized-real-world-assets-rwa-in-defi

Real-world assets transformed into digital tokens and stored on a blockchain or other distributed ledger technology are tokenized real-world assets.

Logical Loop (RWA is RWA)

This article uses the ‘A=A’ definition, essentially stating that real world assets are real world assets.

https://tokeny.com/real-world-asset-rwa-tokenization-ecosystem-map/

Real World Asset Tokenization represents the confluence of traditional financial instruments and blockchain technology. This innovative approach enables the digital transformation of tangible assets such as real estate, securities, and commodities, providing a robust foundation for trading, managing, and securing these assets.

Limited just to tangible assets

RWA is not limited to tangible assets.

https://www.coingecko.com/learn/what-are-real-world-assets-exploring-rwa-protocols

Real World Assets (RWA) in crypto refers to the tokenization of tangible assets that exist in the physical world, that are brought on chain.

Limited just to tangible assets

RWA is not limited to tangible assets.

https://www.nasdaq.com/articles/how-is-rwa-real-world-asset-tokenization-disrupting-industries

Real World Assets (RWAs) encompass a broad spectrum of tangible and intangible assets, from physical properties and infrastructure to intellectual property and financial contracts.

Giving examples without definition

Enumerating examples is not defining RWA in any way.

https://blog.chain.link/real-world-assets-rwas-explained/

Tokenized real-world assets (RWAs) are blockchain-based digital tokens that represent physical and traditional financial assets, such as cash, commodities, equities, bonds, credit, artwork, and intellectual property

Giving examples without definition

Enumerating examples is not defining RWA in any way.

https://www.algorand.foundation/news/what-are-real-world-assets-rwas

Real-world assets, or RWAs, refer broadly to any assets—whether physical, digital, or data-based—that derive their value from their existence outside of the blockchain. By tokenizing RWAs, you’re essentially creating a digital twin that exists on a blockchain

Partially incorrect

This is not the fully correct understanding. There are many digital assets existing outside of the blockchain, and have value (e.g. in-game off-chain currencies), yet they are UWA, not RWA.

https://www.ledger.com/academy/glossary/real-world-assets-rwa

Real-world assets (RWAs) are tangible and intangible assets or utilities that exist in the physical world.

Partially incorrect

The article indicates ‘existence’ as a key definition item, while it should be actually existence in a public legal framework context connected with legal capacity to be owned and transferred.

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