Definition ∞ Real-world asset management involves the oversight and administration of tangible and intangible assets existing outside of digital ledger systems. This includes managing properties, commodities, intellectual property, or traditional financial instruments. In the context of digital assets, it refers to the process of tokenizing these real-world assets, bringing their ownership or value onto a blockchain. This enables fractional ownership, increased liquidity, and transparent transfer mechanisms for assets previously confined to traditional legal and financial frameworks.
Context ∞ The state of real-world asset management via tokenization is a rapidly growing sector, aiming to bridge traditional finance with decentralized finance. A key debate involves the legal enforceability of tokenized ownership and the regulatory classification of these digital representations. A critical future development will see standardized legal and technical frameworks established, facilitating the secure and compliant tokenization of a wide array of global assets.
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