> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rwa.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Tokenization Type

Tokenized assets are classified into two categories based on whether the token can be (1) moved to a wallet outside of the issuing platform, and (2) transferred peer-to-peer between wallets.

## Distributed Assets

Tokenized assets that can be moved to wallets outside the issuing platform and transferred between wallets, including those with whitelist or eligibility controls. The blockchain serves as a channel for capital formation, enabling issuers to reach investors directly onchain.

## Represented Assets

Tokenized assets that cannot be moved to wallets outside the issuing platform or transferred between wallets, whether due to design or regulatory constraints. The blockchain serves as a recordkeeping and reconciliation layer for institutional participants.

## Reclassification

These categories are not static. **Represented Assets** can be reclassified as **Distributed Assets** if they become movable and transferable.

## Platform Impact

All tokenized asset league tables and time-series charts on our platform offer three views: **Distributed Assets**, **Represented Assets**, and **All Assets**. Distributed is the default view.

<Note>Classifications may change as new information becomes available.</Note>

## Further Reading

* [A New Framework for Tokenized Assets: Distributed & Represented](https://rwa.xyz/blog/a-new-framework-for-tokenized-assets-distributed-and-represented)