What do asset tokenisation and RWA (Real-World Asset) mean?

Asset tokenisation is representing a real-world asset — money, real estate, a fund — as an on-chain token; an RWA token is such a real-world asset brought on-chain.

It is the central use case for platforms like Noumena, letting traditional-finance instruments be issued, transferred, and settled on a blockchain while remaining compliant and backed by the underlying asset.