Recently looking at a bunch of RWA projects on the blockchain, that "tradeable" label on the page looks pretty nice, but actually it's often just a liquidity illusion: what you're selling is a share, not necessarily the underlying asset. The most important thing is still the redemption terms—are they written in plain language? When can you redeem, how long is the redemption window, who has the authority to pause, when there's a black swan event, is it based on net asset value or mood... Honestly, these are more important than whether it's on-chain or off-chain.

By the way, a rant about the testnet incentives—everyone is earning points while guessing whether the mainnet will issue tokens. It's lively, but it has nothing to do with real redemption. Anyway, when I look at RWA now, I first find the "exit button" and read it three times. If I can't understand it, I just treat it as a pretty JPG.