Tokenisation is often described as converting a real-world asset into a digital token. In practice, the central question is not the token itself, but the legal, contractual or economic right that it represents.
Tokenisation & Real-World Assets explains how assets, rights and financial claims can be represented and transferred through blockchain-based infrastructure. It distinguishes between the underlying asset, the legal structure connecting that asset to its holder and the digital token used for recordkeeping, transfer or settlement.
The book examines the tokenisation of securities, debt instruments, fund units, property interests, commodities and other real-world assets. It also explores fractionalisation, programmable settlement, custody, registries, tokenised cash, liquidity and the continuing importance of issuers, trustees, auditors and legal agreements.
Practical assessment frameworks help readers determine whether a token provides an enforceable claim, identify the parties responsible for maintaining that claim and evaluate the operational, legal and financial risks involved.
This publication is for educational purposes only and does not constitute financial, investment, legal, tax or technological advice.