Why tokenized assets still don't work as much as real assets

Despite progress in regulation in the United States, the EU and Asia, tokenized real-world assets (RWAs) still face application barriers, not only a compliance issue but also arising from synchronization challenges. Key issues include the lack of proven time infrastructure, the inability to ensure transaction sequence, consistency of cross-chain events, enforceable legal rights, and on-chain privacy. Experts point out that without addressing these synchronization issues, RWA has the potential to go fragmented and remain more at the level of commitment rather than executable assets, thus hindering the transition from tokenization to true availability.