Tokenizing real-world assets can offer numerous benefits such as increased liquidity, fractional ownership, and transparency. However, the process of tokenization can be complicated, especially when it comes to ensuring legal compliance and establishing clear ownership rights. Real-world asset tokenization faces challenges not only in terms of regulatory compliance but also due to the lack of standardized protocols and infrastructure to support the process. To fully realize the potential of asset tokenization, collaboration among technology providers, financial institutions, legal experts, and regulators is required to develop standardized protocols and establish clear legal frameworks. By doing so, new opportunities for investors and businesses can be unlocked.