Tokenization in the blockchain context refers to the process of converting real-world assets or rights into digital tokens on a blockchain network. These tokens can represent ownership or certain rights over assets like real estate, art, or even intellectual property. By doing this, tokenization makes these assets easier to buy, sell, and trade on a global scale, often with enhanced liquidity and lower transaction costs.
Tokenization can democratize access to investments and assets that were previously hard to divide or transfer, such as expensive artwork or property. It also adds a layer of security and transparency, as the ownership and transaction history of each tokenized asset is recorded on the blockchain.
“I see Tokenization as transforming the way we own and trade assets, making it easier and more secure for everyone involved.”