Real-World Assets
Traditional assets such as bonds or property represented as blockchain tokens.
Tokenising real-world assets puts claims on treasuries, credit, real estate or commodities on-chain so they can settle and be used as collateral in DeFi.
Tokenised money market funds have been the breakout category, drawing major asset managers. The binding constraint is legal enforceability: the token is only as good as the off-chain structure that backs it.