In the context of digital transformation of the economy, decentralization of management and the need for post-war reconstruction in Ukraine, the search for innovative mechanisms to ensure sustainable economic development of both local hromadas and the national economy is becoming particularly relevant. One of the promising areas is the implementation of the technology of tokenization of real assets (RWA—Real World Assets), which allows creating digital representations of ownership rights to tangible and intangible assets on blockchain platforms. The relevance of the study of RWA tokenization mechanisms in the context of local hromada development is due to the following important factors. Local hromadas in Ukraine face the problem of limited financial resources for the implementation of infrastructure development and modernization projects. Tokenization of real assets can become a tool for attracting additional investments by creating liquid digital assets secured by real municipal property. Also, the implementation of RWA tokenization mechanisms provides increased transparency in the management of hromada assets and reduced transaction costs when carrying out operations with them. This is achieved through the use of smart contracts and a distributed registry, which ensures the immutability and accessibility of information about property rights and transactions with assets. An important factor is that RWA tokenization creates the prerequisites for the formation of new models of economic interaction between hromada members, local businesses and external investors. Digital tokens can be used as a tool to stimulate local economic activity, implement social projects and ensure the participation of citizens in the management of common resources. In the context of post-war reconstruction of Ukraine, RWA tokenization mechanisms can become an effective tool for attracting international investments to restore damaged infrastructure and implement sustainable development projects at the local level.