Kula Tests Title Tokenization as Tokenized RWA Market Reaches $31 Billion

Kula is testing title tokenization as the tokenized real-world asset (RWA) market reached about $31 billion at the end of the first quarter of 2026. According to NS3.AI, Chris Turner said title tokenization means the token holder owns the asset itself, rather than holding only a referential or contractual claim. Kula VASP Limited is licensed in Mauritius and is running a proof of concept with Lionhart Capital.