Home / Glossary / Tokenize

Tokenize

Tokenization is the process of converting real-world assets into virtual assets known as tokens. Tokenization can be used for a variety of assets, including but not limited to, commodities, real estate, and even fiat currency. Tokenization allows for the fractional ownership of assets, which can make them more accessible to a wider range of investors. For example, tokenization can allow someone to own a piece of a valuable painting, without having to purchase the entire painting. Tokenization can also help to reduce fraudulent activities, as tokens can be tracked and monitored more easily than physical assets.



27 Dec 2023

Share this glosssary
bannar