🧠LERAX Whitepaper

Executive Summary

In a world where over $400 trillion worth of real-world assets exist across diverse classes—real estate, commodities, fixed income, and infrastructure—less than 0.01% of these assets have been brought on-chain through tokenization platforms. This vast disparity between traditional finance (TradFi) and decentralized finance (DeFi) creates an unprecedented opportunity: bridging the liquidity, accessibility, and efficiency gaps in the world’s largest asset classes.

Lerax pioneers the future of Real-World Asset (RWA) tokenization through LeraX Chain, a purpose-built blockchain engineered to bridge physical and digital economies. Designed for institutional-grade scalability, security, and compliance, LeraX Chain redefines ownership of assets like real estate, commodities, and intellectual property by enabling fractionalization, instant settlement, and transparent governance.

Introduction

Blockchains have evolved far beyond simple value transfer systems like Bitcoin. While early networks focused on transferring fungible cryptocurrencies, smart contract platforms such as Ethereum unlocked the ability to create programmable tokens representing various asset types ranging from governance and utility tokens to fully regulated securities.

This evolution laid the groundwork for a more revolutionary concept: tokenization, the process of digitally representing ownership of real-world assets (RWAs) on-chain. Through tokenization, a blockchain becomes not just a ledger for digital money but a universal registry of ownership.

Real-world assets (RWAs) represent the largest untapped market in blockchain history. As of 2025:

1. $16.1T: Global RWA market (real estate, bonds, commodities, etc.)

2. $130B: Tokenized RWAs on blockchain (0.8% penetration)

3. $3.9T: Projected tokenized RWA value by 2030 (Boston Consulting Group)

The Evolution of Tokenization

From Digital Collectibles to Global Finance

The concept of tokenization initially gained mainstream traction through the rise of digital collectibles. Projects such as Bored Ape Yacht Club, Pudgy Penguins, Azuki, and others demonstrated the power of blockchain-based ownership by representing digital artwork and community IP via non-fungible tokens (NFTs). While many dismissed these projects as speculative or niche, they proved a critical architectural truth: blockchains can uniquely assign, transfer, and track ownership of individual, non-fungible assets. This early use case paved the way for the next logical step: bringing real-world assets (RWAs) on-chain.

Unlike digital art, RWAs are tangible, income-generating, and foundational to the global economy. The process of RWA tokenization involves creating a digital representation—typically via smart contracts—of ownership rights, usage entitlements, or financial claims associated with off-chain assets. These tokens are then traded, collateralized, or governed on-chain with the security and transparency of distributed ledger technology.