RWA Academy: Why Securities Are the Ideal Real World Asset Onchain

Securities are presented as an ideal form of real-world asset (RWA) for onchain finance, because they already have legally enforceable ownership, transferable structures, standardized NAV-based pricing, and established regulatory frameworks. The article states that funds and special purpose vehicles (SPVs) have become the dominant form of RWAs. It also says that recent SEC commissioners Paul S. Atkins and Hester M. Peirce argue current rules impose undue barriers on tokenization and advocate changes such as an "innovation exemption" and "Project Crypto."