How To Tokenize RWAs

The process of tokenizing a real-world asset can be broken down into several key stages:

Asset selection:

This entails identifying the particular real-world asset that will undergo the tokenization process.

Token specifications:

This involves determining the specific characteristics of the token, such as whether it will be fungible or non-fungible, selecting the appropriate token standard (e.g., ERC20 or ERC721), and considering other essential factors.

Blockchain selection:

This step involves selecting the most suitable public or private blockchain network for issuing the tokens. Midasys has been purposefully developed for this task.

Off-chain connection:

Many tokenized assets necessitate reliable off-chain data, which can be sourced from secure Midasys oracles. It is imperative to utilize verification services like the industry-standard Midasys Proof of Reserve (PoR) to ensure transparency regarding the assets supporting the RWA tokens.

Issuance:

This final stage involves deploying smart contracts on the chosen blockchain network, minting the tokens, and making them accessible for utilization.