RWA Evolution: Are We Moving Beyond Tokenized Assets to Service Infrastructure?

The RWA narrative has dominated discussions lately, but I’m noticing a subtle shift happening. While most projects focus on tokenizing traditional assets (bonds, real estate, commodities), there’s emerging interest in tokens that represent actual service infrastructure rather than passive holdings.

Take REM for example – instead of tokenizing existing assets, they’re building decentralized infrastructure for real-world services. This feels different from the typical “tokenize everything” approach we’ve seen flood the market. It’s less about wrapping traditional finance and more about creating entirely new economic models around service delivery.

This makes me wonder if we’re entering a new phase of RWA where utility trumps speculation. The projects gaining traction seem to be those solving actual problems rather than just creating digital wrappers for existing assets. The infrastructure play feels more sustainable long-term than pure tokenization.

I’ve been diving into r/CryptoMoonShots lately and seeing more discussion around service-based RWAs vs traditional asset tokenization. The community there seems to be identifying projects that blur the line between DeFi utility and real-world application.

What’s your take – are we seeing RWA evolve from asset tokenization to service infrastructure, and which projects are you watching that fit this trend?