Asia Web3 research and consulting firm Tiger Research pointed out in its report 'Start RWA Tokenization Abroad First' that "the RWA market is rapidly growing, but many regions face the challenge of insufficient regulation. Therefore, financial institutions in regions with insufficient regulation need to make a strategic choice among △waiting for domestic legislation, △utilizing a sandbox, or △expanding overseas." The report explained that "as of the first half of 2026, the real-world asset (RWA) tokenization market has grown to approximately $25.0 billion to $36.0 billion. In particular, institutional investor interest is increasing as efficiencies such as automated interest payments and repayments, shortened settlement periods, and expanded customer bases through tokenization have been proven. However, financial institutions still face the realistic challenge of regulatory gaps. Accordingly, response strategies are broadly divided into three categories: waiting for domestic legislation, utilizing regulatory sandboxes, and proactively entering overseas markets. As the RWA market is inherently global, it is essential to acquire the capability to operate businesses in diverse regulatory environments. While overseas expansion comes with various practical constraints, financial institutions in regions with underdeveloped regulatory frameworks particularly need to proactively accumulate practical experience in overseas markets."
