RWA (Real World Asset) Token And Relating Legal Issues Under Japanese Law

In recent years, a growing number of companies have considered doing business in which tokens on blockchains represent real-world assets and these tokens are traded online not just in Japan, but all over the world. Specific examples include tokenized rights to receive physical assets such as alcohol, gold, etc., tokenized rights to avail of services in hotels, restaurants, etc., and tokenized rights to intellectual property such as copyrights (e.g., art works).

Such tokens, which represent rights to tangible objects with real-world economic value, are often called as "RWA (Real World Asset) tokens".

The merits of the RWA token and the businesses that use it include the following: