Tokenized assets and securities

Hugo Benedetti, Gabriel Rodriguez-Garnica

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

6 Scopus citations

Abstract

Tokenization is a relatively new activity in digital finance. Tokenization, a process that creates a blockchain representation of the underlying instrument, can enhance the standard features and characteristics of assets and securities. Asset and security tokenization produces many benefits. These benefits include reducing issuance and trading costs, lessening dependency on intermediaries, facilitating more liquidity in markets, and providing greater transparency around an asset's lifecycle for all parties involved. This chapter synthesizes the key characteristics, benefits, processes, tools, and techniques of tokenizing real-world assets. It also provides several examples of current asset-backed token applications to help understand the rapidly growing industry and analyzes future expectations of this new technology.

Original languageEnglish
Title of host publicationThe Emerald Handbook on Cryptoassets
Subtitle of host publicationInvestment Opportunities and Challenges
PublisherEmerald Group Publishing Ltd.
Pages107-121
Number of pages15
ISBN (Electronic)9781804553206
ISBN (Print)9781804553213
DOIs
StatePublished - 16 Jan 2023

Bibliographical note

Publisher Copyright:
© 2023 by Emerald Publishing Limited. All rights reserved.

Keywords

  • Asset tokenization
  • Asset-backed tokens
  • Blockchain
  • Digital finance
  • Security tokenization
  • Tokenization

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