According to Miles Deutscher, the real-world asset (RWA) sector in crypto has seen strong product-market fit (PMF) in T-bills and stablecoins, but not yet in real estate, despite property being a prime candidate for blockchain-driven fractionalization (source: @milesdeutscher, June 17, 2025). For traders, this signals an untapped opportunity in the tokenization of real estate assets, as successful implementation could drive significant trading volume and liquidity for related tokens. Monitoring upcoming projects and protocols attempting to tokenize real estate may offer early entry points for investors seeking exposure to this underdeveloped RWA vertical.