BofA: "RWA Tokenization Accelerates… Includes Real Estate, Bonds, and Deposits"

BofA (Bank of America) has assessed that the tokenization of real-world assets (RWA) has entered a full-scale expansion phase.

According to CoinDesk, a crypto-focused news outlet, on the 1st (local time), BofA stated in its research report, "Although USD-backed stablecoins remain central to the market, discussions with investors have shown a clear rise in interest toward real-world asset tokenization." The analysis added that there is a growing trend of various assets—including real estate, bonds, and deposits—being migrated to blockchain-based platforms.

The report explained, "These changes could lead to regulatory compliance enabled by smart contracts, global 24/7 accessibility, instant settlement, and improved liquidity."

BofA introduced the case of real estate tokenization promoted by the Dubai Land Department (DLD) in the United Arab Emirates (UAE). This platform plans to digitize USD 16 billion worth of real estate by 2033 and implement a fractional ownership model.

The report also mentioned, "There are concerns that the adoption of blockchain technology could impact Citibank's transaction services division (which accounts for about 40% of total revenue), but Citi's adaptability may be underestimated in the market."

BofA concluded, "The tokenization of real-world assets marks a critical turning point for the integration of blockchain technology into traditional asset markets."