Role Of Blockchain In Asset Tokenization
Introduction Blockchain can make a significant difference in the world of finance. With characteristics such as decentralization, immutability, transparency, and distributed structure, the technology has introduced new benefits and applications into the ecosystem. One such example is asset tokenization on the blockchain surface. This concept has emerged as one of the top Blockchain technology trends , opening new doors for tokenizing anything and everything in the marketplace, whether it is a diamond, a painting, or real estate. Let's talk about it in this article, beginning with the basis of tokenization. Meaning of Tokenization of assets Tokenization of assets refers to converting the ownership of a physical asset, such as real estate, artwork, or even gold, into digital tokens that can be traded on a blockchain. These tokens represent a share in the ownership of the underlying asset, and their value is derived from the asset's value. Tokenization allows for the fracti