**Tokenized Real-World Assets (RWAs) Market Faces Infrastructure Hurdles**

The market for tokenized real-world assets is expanding, but the main challenge isn't regulation, says Prometheum's co-CEO Aaron Kaplan. Instead, it's the lack of secondary markets for trading these assets. Despite regulatory frameworks like the SEC's broker-dealer setup, the infrastructure for widespread trading is limited.

Tokenized RWAs have surged nearly 8% to $19.5 billion recently, with private credit and US Treasury debt leading. Platforms like Ondo Finance and Securitize are exploring DeFi solutions, while others integrate tokenization into existing brokerage systems. The race is on to capture the next wave of digital asset investors.