RWAs (Real World Assets) are assets that exist in the real world that are tokenized on chain. The RWA market comprises things like equity, fine art, loans, and more, all of which globally account for trillions of dollars in value. In this episode, Trevor Bacon discusses Parcl's unique approach to real estate as an RWA. He's bullish on opportunities such as higher liquidity and lower barriers to entry for retail investors. Although RWAs are a promising new frontier for crypto, we also discuss some of the concerns they raise, such as centralization and information asymmetries between on chain and off chain data.