Guide to Utilizing Onchain RWAs via Trust Wallet in 6 Steps

In a groundbreaking move, Trust Wallet has launched Real-World Asset (RWA) tokens, enabling users to access and trade tokens tied to recognizable equities and exchange-traded funds (ETFs) such as Apple (AAPL) and Tesla (TSLA). This innovative feature is live on the Ethereum blockchain, marking a significant step towards democratising access to traditional financial markets.

Ondo Finance is responsible for issuing the RWA tokens, ensuring their alignment with the underlying assets. The transaction process is streamlined, with no need for Know Your Customer (KYC) forms, brokerage paperwork, or custodians taking user details. Instead, the process is handled by Trust Wallet's RWA partners.

The RWA feature in Trust Wallet supports tokens that track the value of these equities and ETFs. Once the swap is complete, the new token appears in the user's portfolio. It's important to note that these tokens are not shares, equities, or ownership rights, and they do not provide dividends. The availability of RWAs may be affected by local regulations.

Trust Wallet, with over 200 million downloads, is aiming to lower the barrier for access to tokenized RWAs by integrating them into the app that millions already use for crypto, NFTs, and stablecoins. The company Bitget has also integrated the tokenization of real-world securities into its app via an official partnership with Ondo Finance, allowing users to trade over 100 tokenized stocks and ETFs on-chain.

Smart contracts and price feeds ensure the token's alignment with its real-world counterpart, hiding complexity from the user. The swaps are controlled by the 1inch Fusion API to prevent issues like slippage or unsuccessful trades. Users can swap their stablecoins (like USDC) for these tokenized versions of RWAs.

This new feature allows people in countries where opening a brokerage account is difficult to access RWAs, providing a seat at the table for those who were previously excluded. Trust Wallet plans to expand and add more assets, moving beyond Ethereum to other blockchain networks.

The idea of bringing real-world assets onto a blockchain has been around for years, and analysts estimate the market for tokenized assets could reach $16 trillion by 2030. Trust Wallet is not just a self-custody wallet, but a platform aiming to build a "Web3 neo bank" to manage crypto, staking, identity, and tokenized traditional assets. Users can follow the rollout and new listings through Trust Wallet's community channels on X and Telegram.

However, it's crucial to remember that RWA swaps on Trust Wallet are only possible during U.S. market hours to align with Wall Street. As the world of decentralised finance continues to evolve, Trust Wallet is at the forefront, making traditional assets more accessible than ever before.