Tokenization Has Become Wall Street’s Latest Favorite Crypto Buzzword
(Bloomberg) — Bitcoin’s record-breaking rally is rekindling hope that the digital-ledger technology that underpins cryptocurrencies will revolutionize everything from recording the ownership of houses to bonds.
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Tokenization, or the process of creating digital representations of real-world assets on a blockchain, has become one of this year’s buzzwords in both conventional and crypto finance circles. The excitement is reminiscent of the hype of a few years ago surrounding the use of blockchains for everything from tracking lettuce at Walmart Inc. to digitizing stocks that proved to be premature.
For years now, tokenization of assets beyond stablecoins that serve as a proxy for actual currencies in…
