Empirical analysis of Ethereum-based tokenized RWAs finds heterogeneous liquidity across categories, with gold-backed tokens showing more persistent activity than Treasury or credit tokens and outstanding value not predicting liquidity.
Tokenization: Overview and Financial Stability Implications.Finance and Economics Discussion Series2023,2023-060
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Tokenized but Illiquid? Evidence from Real-World Asset Markets
Empirical analysis of Ethereum-based tokenized RWAs finds heterogeneous liquidity across categories, with gold-backed tokens showing more persistent activity than Treasury or credit tokens and outstanding value not predicting liquidity.