Cryptocurrency trading firm XBTO has formed a new tokenization team focused on real-world assets (RWA), driving the blockchain-based corporate debt issuance that the company has been working on, and will move into areas such as real estate. XBTO said the new tokenization team, led by managing director Mas Nakachi, has partnered with on-chain capital markets platform Obligate, whose electronic notes are rated by technology-driven credit assessment platform Credora.