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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