Tokenization is an exciting new world powered by Blockchain technology. When we mention tokenization, we are talking about using a token for transactions and converting rights to an asset into a digital token on a Blockchain.
We are in essence “digitalizing” an asset current or new onto the Blockchain where it can be referenced, shared, sold, transferred and tracked for infiniteum.
The process of asset tokenization creates a number of benefits:
- Tokens for liquidity
- Tokens for globalisation
- Tokens for global commerce
- Tokens for new assets
- Tokens take us beyond money
Tokenization benefits and outcomes
- Opportunity to monetize assets which were not possible before
- Ability to trade fractional ownership on assets that are not possible now (real estate, art, diamonds etc.)
- Opens markets to smaller players, through removing the need for transportation of physical assets.
- Increased global trade and the opportunity to develop new markets with direct and instant trade.