What is tokenization & why it is becoming important today?
In an increasingly decentralised financial sector, asset tokenization (whereby a surrogate value is stored on a blockchain and represents digital or physical assets) has been expanding over the last few years. Different types of tokens include non-fungible tokens or NFTs, as well as fungible and security tokens.
One of the key challenges facing the operation of decentralised tokenization is the need to adapt the global regulatory environment and strike the right balance between encouraging innovation and minimising risk.
Involving Michael Patchett-Joyce