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Rachel Welch

24 November 2022 88 Read Blockchain

What is Tokenization on Blockchain?

Using blockchain technology, asset tokenization creates digital tokens to represent ownership of an asset. These tokens can be used to transfer assets or to buy goods and services. Tokenization is a new global trend.The blockchain is an immutable technology, which means that the data stored in the blockchain cannot be changed or deleted. It also offers immutable ownership of assets. With tokenization, the entire process of asset transfer becomes automated. This reduces the time and cost involved in transferring an asset.

Asset tokenization is an opportunity for small retail investors to enter exclusive markets. It also increases liquidity in traditionally illiquid assets. It also increases investment diversification and opens up a broader audience for investment.