I'm becoming increasingly a believer in the tokenisation of real-life assets. Though some issues are still to overcome one of the biggest is the link between the digital token and the real-life asset, without the possibility of compromising this.

A year or two ago, LCX launched this Tiamonds asset. Digital (NFT) tokens representing real diamonds. Real diamonds are held in a physical vault in a Liechtenstein-based bank, with official government documents for 1) the link between the NFT and the diamond, and 2) the company holding the keys to the physical vault. All under the Liechtenstein blockchain and financial laws.

Recently an initiative launched to do something similar to Tiamonds, but for luxury goods. Similar setup wrt laws (EU in this case) and all, though they are still building their service. It's Galileo Protocol. Super interesting what they try to do, though I believe they have to overcome a whole lot of hurdles still. For instance, they started out stating they like to tokenise real estate. However, in many of the EU countries (maybe all, don't know to be honest), a real estate transaction needs to be signed by a notary. For trading of real estate by eg NFT trade only, this is simply not allowed by law. I mean, the system needs to be changed.

Satishi Island is another project that is exploring the tokenisation of real-life assets. In this case, it's physical land one can acquire by buying land NFT. In this case not virtual land, but real land. The organisation driving this Satoshi Island project made deals with the government for them to be allowed what they are doing. Essentially a private island is bought (well, more or less long-term rented) from its original owners, and is now in transition to become a fully crypto-based island, with its own currency, its NFT-based land ownership and a DAO to govern the island society.