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Tokenized but Illiquid? Evidence from Real-World Asset Markets

arXiv:2606.01131v1 Announce Type: new Abstract: Real-world asset tokenization is often presented as a mechanism for improving the liquidity of traditionally illiquid assets. However, on-chain representation and secondary-market liquidity are distinct outcomes. This paper examines whether tokenized real-world assets exhibit meaningful observed liquidity and identifies the token characteristics associated with higher market activity.

arXiv CS 8d ago