Global #asset tokenization

Singapore is making significant strides to promote tokenization within its financial sector, aiming to facilitate broader adoption of tokenized assets.

Asset tokenization is a groundbreaking process that leverages blockchain technology to represent ownership rights of real-world assets as digital tokens. These tokens, residing on a blockchain, can signify ownership of a wide array of assets, spanning from tangible assets like real estate, art, and commodities to intangible assets such as stocks, bonds, and intellectual property.

Mastercard's recent announcement of its blockchain and digital asset program includes the selection of five innovative startups, marking a significant stride toward incorporating blockchain technology into the financial sector.