Today, it takes one click to buy an airline ticket or a new pair of shoes but if you want to buy stocks or buy a house, transactions are more time-intensive. Whether it’s waiting for documents or settlement, many types of transactions aren’t instant. Assets like real estate, fine art, gold, or carbon credits are more difficult to transfer, often obligating buyers and sellers to contend with mountains of paperwork and lengthy procedures. By representing physical assets as digital tokens on a distributed digital ledger or blockchain, it’s possible to unlock the value of real-world assets and exchange them in real-time.
The Rise of Tokenization
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