A recent Bank of America report has highlighted the potential benefits of tokenizing real-world assets (RWAs), such as increased liquidity and 24/7 accessibility. However, significant hurdles remain in realizing this promise, including infrastructure gaps, regulatory uncertainty, and market adoption challenges. The report specifically names Dubai’s Land Department and Itaú Asset Management as key contributors to this sector. Dubai aims to tokenize $16 billion in real estate assets, demonstrating a shift towards crypto-integrated economies with the potential for global impact. While tokenization promises wider asset access and increased efficiency through blockchain technology, challenges remain in establishing clear regulatory frameworks and expanding capacity for managing substantial asset volumes.