IV Tokenization of Real-World Assets in the Cryptocurrency Space

The concept of tokenization in the cryptocurrency space refers to the process of converting rights to an asset into a digital token on a blockchain. This emerging trend is a pivotal part of the financial evolution, merging traditional asset classes with modern blockchain technology.

Tokenization involves creating a digital representation of a tangible or intangible asset on a blockchain. These digital tokens reflect the ownership, value, and rights associated with the asset they represent [9]. The process uses the principles of distributed ledger technology (DLT) to ensure transparency, security, and immutability.