Real World Assets (RWAs) have emerged as a pivotal concept in the transformation of global financial markets, driven by blockchain technology and the process of tokenization. By digitizing physical assets and traditional financial instruments, tokenization enhances liquidity, accessibility, and efficiency in financial transactions. Escrow mechanisms, particularly those enabled by blockchain-based smart contracts, play a crucial role in ensuring the secure and transparent transfer and management of these tokenized assets. This article examines the connection between RWAs and escrow mechanisms, exploring foundational concepts, types, and advantages of tokenizing RWAs, as well as the functions and innovations of escrow mechanisms in this context. The paper analyzes the synergies between tokenization and escrow services, discusses practical applications and case studies, and addresses the comprehensive challenges and risks involved. Finally, it offers future perspectives on technological advancements, regulatory developments, market growth, and collaborative ecosystem development in the integration of RWAs and escrow mechanisms.