Tokenization is the process of transferring rights and obligations to an asset to a digital token. Tokens are created and managed via digital contracts known as smart contracts. A smart contract is software in which the rights and obligations of the token holder with respect to the respective asset are recorded and stored in the blockchain.
Any asset can be tokenized and thus take on the characteristics of a share:
- Cost efficiency
- Ease of investment
"If your retirement is 20 years away? Why don't you have access to great long-term risk-adjusted returns?"
Verdun Perry - Global Head of Strategic Partners at Blackstone
"According to a 2021 survey, 73% of asset managers believe that non-accredited individuals should be able to invest in private markets to achieve better portfolio diversification."
Laurent Capolaghi - EY Luxembourg Partner, Private Equity Leader
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Gunnar Ebner - Executive Vice President at Capgemini