Tokenization, the process of creating digital representations of real-world assets on blockchain technology, has emerged as a prominent topic on Wall Street in 2024. The Real-World Asset (RWA) market has seen substantial growth, reaching a total market value of $14.9 billion, excluding stablecoins, marking a 60% year-over-year increase. This trend is expected to continue, with projections indicating a $16 trillion market opportunity in tokenizing assets such as real estate and art. The tokenization movement is being driven by institutions and investment firms, which are increasingly adopting these technologies to create new liquid markets. Notably, the tokenized asset market reached a record value of $2.774 billion in 2024. Despite the growth, the overall RWA market cap has recently fallen to $57.7 billion amid a broader crypto sell-off, highlighting the volatility within the sector. The integration of blockchain technology is seen as a transformative force in reshaping financial markets and investment strategies, with industry leaders emphasizing its potential to fundamentally change market dynamics.