Tokenization

The trend in finance and secu­ri­ties law to digi­tize finan­cial products as crypto assets and map them on a block­chain as decen­tra­li­zed stored assets. The trend is away from the clas­sic paper form of a carrier medium to digi­tal data. Examp­les include the use of book money instead of cash, the intro­duc­tion of cryp­to­cur­ren­cies, or the intro­duc­tion of elec­tro­nic secu­ri­ties instead of secu­ri­ties certi­fi­ca­tes. In all of them, the paper form as a carrier medium for finan­cial instru­ments is being repla­ced (toke­ni­zed) by digi­tal forms.