In Real-World Asset (RWA) tokenization, **intermediary dependence** involves third-party involvement to manage the connection between physical assets and their digital tokens. Key issues include:

- **Custodianship**: Third parties hold physical assets and issue digital tokens, requiring trust in their management.

- **Legal Frameworks**: Different jurisdictions require legal entities to enforce ownership and contracts, leading to potential inefficiencies.

- **Inefficiencies**: Processes like asset transfers can be slowed down due to the involvement of intermediaries.

- **Trust Issues**: Token holders must trust custodians to properly manage assets, which conflicts with blockchain's goal of decentralization.

- **Costs**: Intermediary fees can reduce the cost-saving benefits of tokenization.