Recent estimates place the current value of all real-world assets at around $256 trillion globally. While that jaw-dropping number is fairly stable, all of these assets keep changing owners on a regular basis.
Unfortunately, the processes used to trade these assets are completely outdated.
Ownership over a vast majority of real-world assets is still signified by pieces of paper. That’s why most transactions can take weeks or even months to complete. Asset trades are also plagued by extensive amounts of red tape, countless fees and various geographical restrictions. Furthermore, most assets are very difficult to subdivide, which makes their respective markets highly illiquid. Real estate, gold reserves and fine art are all great examples here.
Fortunately, with the recent development of tokenization, the way of owning and trading real-world assets might be on the brink of a true revolution.
Continue reading… “Step-by-step guide to tokenizing real-world assets”
