RWAs are one of the few crypto narratives that make sense to me outside pure speculation, but I am still unsure how much retail actually uses them. Tokenized Treasuries, credit, gold, and niche commodities sound good in theory: fractional access, 24/7 transfer, faster settlement, maybe better collateral use in DeFi. But the trust assumptions are different from normal crypto. You still rely on custody, legal agreements, reserve reporting, KYC, market makers, and the issuer. Has anyone here actually bought an RWA token?

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