Analysis: Institutions like BlackRock and Citigroup are driving RWA tokenization into practical application, with Ethereum remaining the main platform

Recently, several institutions such as BlackRock and MultiBank are advancing RWA (Real World Assets) tokenization projects. BlackRock plans to create a blockchain-based digital ledger technology (DLT) share class for its $150 billion Treasury Trust fund to record investors' holdings on the blockchain. Citibank is exploring digital asset custody, and Franklin Templeton has tokenized a money market fund on a public blockchain. RedStone co-founder Marcin Kazmierczak pointed out that these developments indicate that tokenization has moved beyond theoretical discussions and into practical applications by market leaders. Currently, Ethereum remains the main platform for RWA tokenization due to its advantages in ecosystem, developer support, and infrastructure.