Regulatory challenges and legal compliance
Organizational challenges are among the most important obstacles, as asset tokenization in the real world intersects with multiple legal systems:
First, conflict of laws: regulatory policies vary significantly between countries and regions. Asset tokenization requires compliance with securities laws, trust laws, tax laws, and others in each jurisdiction.
Secondly, asset classification: Some tokenized assets may be classified as securities, leading to legal liabilities and trading restrictions, especially in cross-border projects.
Thirdly, legal recognition: The need to address legal issues and standardization matters to ensure that the data and tokenized assets on the Plume network have legal validity and broad acceptance.
