Tiger Research: Gain overseas experience to lead RWA market

To gain a first-mover advantage in the rapidly growing tokenization market, companies should prioritize gaining practical experience in overseas markets rather than waiting for domestic legislation, according to Asian Web3 research and consulting firm Tiger Research. In a report titled "Start RWA Tokenization Abroad First," the firm noted that the Real-World Asset (RWA) market grew to between $25 billion and $36 billion in the first half of this year, proving its efficiency with features like automated interest payments and shorter settlement periods. However, the report states that financial firms face a significant hurdle due to a regulatory vacuum, as the lack of legal validity for distributed ledger records and inadequate investor protection frameworks create uncertainty. Tiger Research suggests that companies should consider entering countries with established regulations. Before expanding, firms should review key requirements such as establishing a local base, licensing, the assets to be tokenized, target investors, settlement currency, and custody and operational structures. The report highlights that the key is to accumulate practical operational capabilities by choosing a suitable path, whether it's entering regulated markets like Hong Kong, Singapore, and the U.S., or using on-chain native platforms like Ondo (ONDO) and Plume (PLUME) to accelerate market entry. "Large U.S. financial firms are currently leading the market by building their own platforms or gaining direct experience on Canton (CC), Solana (SOL), and Ethereum (ETH)," the firm emphasized. "It is crucial to quickly explore available paths rather than waiting for regulations."