Tokenise

Blockchain.

In the context of blockchain, to tokenise is to create a token - a unit of value that only exists as a registry entry in the blockchain - as a representation of a traditional (non-digital) asset.

HSBC – The potential of tokenisation

"On tokenisation, Hashir Abdul Rahim, Head of Digital Products, Markets & Securities Services, HSBC described how assets evolved from paper certificates to dematerialised assets in the past and are now being transformed into programmable assets and what that can bring to global markets.

Asset tokenisation is the process of transforming an underlying asset into another unit of a digitised or physical asset called tokens.

Tokenisation helps to convert an asset into a digital unit that can be managed with potentially less intermediaries through blockchain technology, provided regulations evolve as well.

Potential benefits of tokenised assets include:

• Lower cost of ownership
• Elimination of reconciliation activities
• Fractionalisation which enables affordability and inclusion"

Reflections from the ACT member event in Singapore - 19 September 2024.

See also

• Altcoin
• Bitcoin
• Blockchain
• Coin
• Crypto
• Cryptoassets
• Cryptocurrency
• Cryptography
• Currency
• Digital asset
• Digital currency
• Intangible assets
• Invoice tokenisation
• Money
• Token
• Tokenised bond
• Tokenised deposit

Other resource

• Reflections from the ACT member event in Singapore - 19 September 2024