What is asset-backed token?
Asset-Backed token is represent its name which is nothing but the combination of virtual currency with the famous real-world assets. The best explanation is, Ethereum token is backed with the fiat, gold, silver or any other asset.
Moreover, the well know in the market is, Real Estate Asset Tokenization.
Which is the amalgamation of real estate assets with the crypto token and this is a highly demanding domain now in the business world.
Smart Contract are automatically generated with the token and when it is pegged with any real-estate asset that ensures and enhances the asset safety and security to the next stage. That is why asset-backed tokens are often provided with the security token, which is commonly known as STO.
Categories of asset-backed tokenization
Here is the list of Main Asset-Backed Tokens and let's have a brief lookout about it separately. They are,
Debt and equity tokenization
Asset backed tokens for commodities
Hard asset-token which are non-fungible
Soft asset-token which are non-fungible
Advantages of asset-backed token
Since the assets are backed with the crypto token which are build from the decentralized blockchain platform, it became obvious that the benefits will be high. And, here is the list of advantages of asset-backed tokenization,
Greater accessibility and liquidity of assets
Transparency
Immutability
Fractional ownership
Cost savings
And Normally it will take hours or days for an asset or fund transaction but this blockchain technology makes the things quite easier.
Create Your Own Asset-Backed Token
So, create your own token and safe-guard your asset as well as earn profit by it. Creating your own asset-backed token is also easily now by utilizing the Ethereum Token Generator platform like TheTokenLauncher. TheTokenLauncher, is one of the leading Ethereum Token Builder which used peeps to create Ethereum token instantly because it has in-build codes as time effective as well as cut off the need of developers help nor the coding knowledge. Thus, TheTokenLauncher can also be referred to as an Asset-Backed Token Generator.
