Tuning Up Tokenization

TLDR: Tokenization is gaining traction as more businesses look for ways to leverage blockchain technology. Tokenization involves creating a digital representation of a tangible asset, such as real estate or physical goods. Companies are using tokenization to increase liquidity, facilitate faster payments, lower costs, and improve risk management. Major firms like Citi and Visa are exploring tokenization in various ways, including the tokenization of smart contracts and real-world assets like grain. Tokenization projects are also being implemented by banks like Société Générale and DWS Group. While some executives are embracing tokenization, others have raised concerns about its utility and security. Despite the mixed attitudes, countries like Singapore and the EU are actively encouraging the adoption of tokenization, potentially positioning themselves as global hubs for the technology.