🏝️Medici - RWA Tokenization
State of RWA
Currently there is a lack of standardized representation for non-blockchain originated tokens (NBOs), which encompass tangible and intangible assets with property rights enforced by legal systems. These assets currently lack a unified framework for representation on the blockchain, leading to fragmentation and interoperability issues.
RWA Asset Framework
The Real World Assets (RWA) framework seeks to standardize non-blockchain originated tokens (NBOs) by providing an unopinionated, flexible, and composable solution to represent tangible and intangible assets with property rights enforced by legal systems. Medici proposes a modular framework comprising an Asset Management Controller, a Policy Engine, an Identity Registry, and an Asset Data Registry to support various asset classes and applications while ensuring interoperability with existing standards like Metaplex and Token-2022.
To better understand the protocol, the following are tokenization opportunities enabled by the protocol.
Real estate tokens: Tokens representing ownership or fractional ownership of physical properties such as residential homes, commercial buildings, or land parcels.
Commodity tokens: Tokens representing ownership or fractional ownership of commodities such as gold, silver, oil, or agricultural products.
Tokenized securities: Tokens representing ownership of traditional securities such as stocks, bonds, or mutual funds, enabling fractional ownership and easier transferability.
Climate assets tokens: Tokens representing carbon credits, renewable energy certificates, or other environmental assets used in carbon offsetting or sustainability initiatives.
Intellectual property tokens: Tokens representing ownership or usage rights of intellectual property assets such as patents, trademarks, or copyrights.
Tokenized collectibles: Tokens representing ownership of digital or physical collectible items such as artwork, rare trading cards, or vintage items.
Tokenized real-world assets funds: Tokens representing shares in investment funds that hold diversified portfolios of real-world assets, providing investors with exposure to various asset classes.
Medici was developed by Bridgesplit and Homebase with the support of the Solana Foundation and is expected to be maintained by an independent foundation.
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