Wide Understanding Of RWA
Wide understanding of RWA definition, assumes that all existing assets that are subjected to legally recognized form of private or public ownership can be considered as RWA.
To clarify, if assets can be legally owned and their ownership can be legally transferred from one person or entity to another, they qualify as Real World Assets (RWA). Thus, the single factor determining whether an asset qualifies as RWA is whether or not there is an existing legal system curated by organization or government that provides a framework for their ownership, transfer, taxation, and inheritance.
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