Tokenised assets: building the future of capital markets or repackaging DeFi risk?

Every financial revolution promises greater efficiency - the real question is whether it creates greater trust. Tokenised real-world assets are attracting billions of dollars from asset managers, banks and institutional investors, yet blockchain alone cannot create ownership rights, liquidity or investor protection. As tokenisation moves from experimentation to mainstream finance, the critical challenge is no longer whether assets can move on-chain, but whether the supporting legal, regulatory and market infrastructure is robust enough to make them investable. RWA.xyz places distributed real-world asset value at $32.43 billion, represented asset value at $379.31B and stablecoin value at $295.36 billion. And without doubt, these figures show that tokenised finance has moved beyond a small DeFi experiment - yet size alone does not prove liquidity, legal strength or investor protection.

Source: RWA.xyz

However, the question exists: are tokenised assets, credit, oracles and on-chain finance…