Tokenization

Tokenization is the process of using a programmable ledger to digitally represent the ownership of an asset - financial or otherwise - in a transferable format. By creating provably unique digital tokens that can be issued, stored and traded on these ledgers, tokenization enables the exchange of information and value. A “token” represents something of value (e.g. a claim on or digitized version of a real or financial asset) that can be legally and operationally exchanged on a programmable ledger.

Source: https://www.weforum.org/publications/asset-tokenization-in-financial-markets-the-next-generation-of-value-exchange/?utm_source=linkedin&utm_medium=social_video&utm_term=1_1&utm_content=39186_tokenization&utm_campaign=social_video_2024