# Wide Understanding Of RWA Wide understanding of RWA definition, assumes that all existing assets that are subjected to legally recognized form of private or public ownership can be considered as RWA.

To clarify, if assets can be legally owned and their ownership can be legally transferred from one person or entity to another, they qualify as Real World Assets (RWA). Thus, the single factor determining whether an asset qualifies as RWA is whether or not there is an existing legal system curated by organization or government that provides a framework for their ownership, transfer, taxation, and inheritance. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.assetchain.org/appendices/appendix-a-understanding-rwa/wide-understanding-of-rwa.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.