Whitepaper
  • 1.0 Introduction
    • 1.1 Migration from XEND to RWA
    • 1.2 New Vision - Xend V2 and Xend V3
      • 1.2.1 Principles overview
      • 1.2.2 Xend V2 & V3 - Roadmaps
      • 1.2.3 Xend V2 Roadmap
      • 1.2.4 Xend V3 Roadmap
  • 2.0 OAE - Onchain Assets Environment
    • 2.1 OAE Core Idea
    • 2.2 OAE Framework
    • 2.3 OAE - Products Overview
      • 2.3.1 Asset Chain
      • 2.3.2 Origin Studio
      • 2.3.3 Social Hub
      • 2.3.4 Xend Connect
      • 2.3.5 GOR
      • 2.3.6 Xend Solutions
    • 2.4 Asset Smart Contract
    • 2.5 IAC Framework
      • 2.5.1 Importance Of IAC to OAE
      • 2.5.2 (b) IAC in Practice
    • 2.6 Asset Credibility
      • 2.6.1 Authentication Rating
      • 2.6.2 Compliance Rating
      • 2.6.3 Asset Insurance Rating
      • 2.6.4 Events Mirroring
      • 2.6.5 Visual Summary
    • 2.7 IAC Partners
      • 2.7.1 IAC Provider
      • 2.7.2 Conflict Resolution Process
      • 2.7.3 I - AC Interdependence
    • 2.8 Assets Policy in OAE
      • 2.8.1 Web3 Token Issues
      • 2.8.2 AssetChain 10 Cardinal Rules
      • 2.8.3 Assets As Smart Contracts, Tokens As Rights
      • 2.8.4 Verifiable Legal Binding
      • 2.8.5 Intrinsic Legalization
      • 2.8.6 Multi-Level Asset & Token Structures
      • 2.8.7 Token Bonding
      • 2.8.8 Separating Ownership, Possession And Holding
      • 2.8.9 Structured Asset Administration Policy
    • 2.9 AssetChain - 4 Execution Levels
    • 2.10 P2P Lending In OAE
      • 2.10.1 Basics of P2P lending
      • 2.10.2 Appraisers And Custodians
      • 2.10.3 Xend Fundraising Platform On OAE
    • 2.11 AI Stack
      • 2.11.1 Watchdogs
      • 2.11.2 Assistants
      • 2.11.3 Improvers
      • 2.11.4 Concepts
  • 3.0 Xend Browser
    • 3.1 One-4-All
    • 3.2 NodeOs
    • 3.3 Subnet
    • 3.4 Explorer
    • 3.5 Node Enterprise
    • 3.6 e-Admin
    • 3.7 NodeBox
  • 4.0 Progressive Synchronization (V3)
    • 4.1 Objectives Of The IAC Councils
    • 4.2 Progressive Adoption Of Public AssetChains
    • 4.3 Progressive Adoption Of Public Subnets
    • 4.4 OAE Marketplace
  • Practical Use Cases
    • Business & Banking
    • Real Estates
    • Compliance - by - Design
    • Tokenization Beyond Ownership
    • Global Assets Accessibility
    • Green Impact
    • Software, Gaming and Entertainment
    • Global Transparency and E-Administration
  • RWA (OAE) Token Economy 1.0
    • RWA Token
    • RWA Economy Ecosystem Participants
    • RWA Staking
    • RWA Incentives
    • RWA LP Tokens, Market Makers, & Trading Competitions
    • Gamification Of OAE User Experience
    • RWA Token Utilities
    • OAE & RWA Macro-Economy
    • Future Legal Status Of RWA Tokens
  • Litepaper
    • Solving ASR Issue
    • OAE From User Standpoint
    • Xend Solutions
    • Future Roadmap
  • Appendices
    • Appendix A: Understanding RWA
      • Assets Classification
      • Narrow Understanding Of RWA
      • Wide Understanding Of RWA
      • UWA - Unreal World Asset
      • RWA versus UWA - They Key Difference Lies In Legal Context
      • Examples Of RWAs Definitions Incoherence
      • Key Takeaways
    • Appendix B: Digitization vs Tokenization
      • Existence vs Ownership
      • Hierarchy Of Terms
      • Digitation Of Asset
      • Documenting The Asset
      • Tokenization Of The Asset On Gen2 Blockchain
      • Legal Causality Of Gen2 Tokenized Asset
      • Key Takeaways
    • Appendix C: Rise Of AssetChains
      • Theses A
      • Theses B
      • Theses C
      • Theses D
      • Theses E
      • Theses F
    • Appendix D: Brief Analysis On Who Owns The Internet
    • Appendix E: Market Research
      • RWA Solutions - Scope Of Work Overview
        • Centralized
        • Decentralized
        • In-depth Scope Comparison
      • Statistics
        • CEFI - Territorial Coverage
        • CEFI - Funding Ranges Popularity
        • CEFI - Funding Values Breakdown
        • Visual Data Metrics
      • Research Summary
  • FAQs
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  1. Appendices
  2. Appendix A: Understanding RWA

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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Last updated 1 year ago