2023 has been the year for the tokenization of real-world assets. The theme has been all-pervasive, with businesses across the world seeking to tokenize a whole spectrum of assets ranging from real estate to music, film, art, loans, invoices and credit. In this episode, Reed Smith’s Hagen Rooke (Singapore) and Soham Panchamiya (Dubai) are joined by Wayne Tan, general counsel at OpenEden, a platform that has become known for pioneering the tokenization of Treasury Bills. The conversation seeks to unpack the concept of tokenization and growing interest in this area, surveys some of the key activities in the real-world assets space, and contemplates the attendant legal and regulatory challenges. This episode was recorded on 23 October 2023.