Tokenization has proved to be a gamechanger in the cryptocurrency industry. It generally refers to a process by which assets are available digitally on a distributed ledger. The method can be used for any industry with the right technology.
An asset will be divided into different tokens with economic value and its ownership rights will be distributed among different stakeholders. Tokenizing an asset is a big challenge to the traditional financial system.
It works on the concept of fractionalization. It benefits buyers as they will have access to assets higher than their reach. Sellers will find it easy to put off those assets to potential customers and earn higher liquidity premiums. Read more at: https://www.latesttechnicalreviews.com/everything-to-know-about-asset-tokenization/
