# 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.

1. **Real estate tokens:** Tokens representing ownership or fractional ownership of physical properties such as residential homes, commercial buildings, or land parcels.
2. **Commodity tokens:** Tokens representing ownership or fractional ownership of commodities such as gold, silver, oil, or agricultural products.
3. **Tokenized securities:** Tokens representing ownership of traditional securities such as stocks, bonds, or mutual funds, enabling fractional ownership and easier transferability.
4. **Climate assets tokens:** Tokens representing carbon credits, renewable energy certificates, or other environmental assets used in carbon offsetting or sustainability initiatives.
5. **Intellectual property tokens**: Tokens representing ownership or usage rights of intellectual property assets such as patents, trademarks, or copyrights.
6. **Tokenized collectibles:** Tokens representing ownership of digital or physical collectible items such as artwork, rare trading cards, or vintage items.
7. **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](https://www.bridgesplit.com/) and [Homebase](https://www.homebasedao.io/) with the support of the Solana Foundation and is expected to be maintained by an independent foundation. 

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