33 views
in Cryptocurrency by (2.2k points)
What is tokenization, and how is it used in blockchain?

Please log in or register to answer this question.

1 Answer

0 votes
by (2.8k points)
Tokenization is the process of converting real-world assets or rights into digital tokens on a blockchain. These tokens can represent ownership of assets such as real estate, stocks, or even digital collectibles. In blockchain, tokenization allows for the creation, transfer, and management of digital assets in a secure and decentralized manner. This can enable fractional ownership, increased liquidity, and automated compliance through smart contracts.
...