Barry Sternlicht, a real estate billionaire and founder of Starwood Capital Group, stated that his company is prepared to tokenize real-world assets (RWAs) on the blockchain, but is currently unable to proceed due to US regulatory restrictions. Starwood manages over $125 billion in assets. Speaking at the World Liberty Forum, Sternlicht pointed out that asset tokenization could create new financing methods for illiquid assets like real estate and make investment more accessible to investors. He called this technology a "future trend" and believes its development stage even predates artificial intelligence. Industry reports indicate that Deloitte predicts the global tokenized real estate market could reach $4 trillion by 2035, a significant increase from less than $300 billion in 2024, implying a compound annual growth rate of approximately 27%. Sternlicht called for further clarification of the regulatory environment to unlock the potential of asset tokenization.