Tokenisation is a concept used in digital and technological environments that enables the digital representation of certain assets or rights through the use of distributed ledger technologies.
This section provides a general description of what tokenisation is and how it may be technically structured.
Definition of tokenisation
Tokenisation is the process through which an asset or right may be digitally represented by means of tokens registered on a blockchain, in accordance with the applicable technical and legal framework.
Tokenisation may allow for the fractional representation of certain assets, depending on the legal and regulatory structure defined in each case.
Main characteristics of tokenisation
Depending on the specific use case, possible technical characteristics of tokenisation may include:
The fractional representation of certain assets or rights.
The verifiable recording of information on a blockchain.
The automation of certain processes through smart contracts, where applicable.
How does tokenisation work?
The tokenisation process may include various technical phases, such as the identification of the asset or right to be represented, the creation of tokens and their registration on a blockchain, in accordance with the defined structure and the applicable legal framework.
Applications of tokenisation
Tokenisation may be used in different contexts for the digital representation of rights or assets, provided that a legal and regulatory basis exists to allow such use.
Importance of tokenisation
Tokenisation is a technology used in various processes of digitising assets and rights. Its scope and effects depend on the specific case and the applicable legal and regulatory framework.