RWA Standard using Token Extensions
RWA Standard using Token Extensions
Yash Agarwal
Problem to Solve
The Solana Ecosystem lacks a unified, widely accepted standard for tokenizing RWAs. Just as standards like JPEG and PDF formats standardized files across different devices and facilitated the sharing of content on the internet, a standardized RWA standard can help boost RWAs for Solana. Think of it this way: Just as Metaplex made it easy to create NFTs, a standardized RWA token can simplify the process of creating tokenized RWAs.
Possible Solution
Create a RWA standard leveraging token extensions like: 1. Transfer hooks for checking whether an address is whitelisted or not. 2. Interest-bearing tokens 3. Transfer fees And more. The token extensions are created with RWAs in mind.
A SaaS tool can be created which enables institutions to deploy RWAs.
More token extensions can be mixed and matched to allow a higher feature set of tokens.
Resources
1. The State of Solana RWAs by Yash Agarwal (2023) 2. A Primer on Solana's Token Extensions: The Superteam Blog 3. Token Extensions Docs
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