RWA (Real-World Asset) tokenization is grappling with significant legal and operational challenges as smart contracts often clash with existing legal frameworks. Many RWA projects are reportedly built on unstable legal foundations, resulting in digital tokens that lack real-world value. To address these issues, the implementation of robust legal structures, such as Special Purpose Vehicles (SPVs), is crucial to ensure enforceable rights and mitigate risks like counterparty failure and regulatory complexity.
The article also highlights dual-chain architectures and case studies, including Figure and Ant Group's Jovay platform, as practical solutions for achieving a balance between legal compliance, efficiency, and decentralization in RWA systems. These examples demonstrate the potential pathways for overcoming the current legal and operational obstacles faced by RWA tokenization projects.
RWA Tokenization Faces Legal Hurdles Amid Smart Contract Conflicts
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