None, most RWA projects seem to be run ignorant people thinking that they have found a new way, or they are targeting ignorant people are lying about it.
RWA's however are a thing, but they haven't yet tackled all the law issues, and i am not sure they can on most parts of the world.
And i have a hard time to believe that any government would change such a radical way that they would approve just transferring a token as a valid contract.
Well its happening already, just look at what Blackrock is doing
They aren't doing anything new. All tokenized securities at the moment are synthetics.
Meaning that they are mirroring the value of the stock. That doesn't mean you own the stock or any rights with it. If they call them securities, that's just false. They mirror securities, and you don't get to own a stock by moving a token.
They are just misleading people with buzzwords.