How Asset Tokenization Is Transforming Global Finance

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Shailesh Kunnath Nachrichten

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Shailesh Kunnath is the CSO of Staynex. Read Shailesh Kunnath's full executive profile here.

Think of your favorite movie. Now imagine that you could have owned a small part of that movie—investing a modest sum to help create, distribute, market and merchandise it and, ultimately, sharing in its profits with other stakeholders.

For example, not many investors have the capital to purchase a $10 million property in Miami. But by tokenizing this property, the seller could increase their liquidity and offer more people the chance to invest in the property and earn income on it. They could convert ownership of the $10 million property into 10 million tokens, with each token representing a tiny fraction of the total cost.

• The Bank for International Settlements , in collaboration with seven central banks createdto tokenize cross-border payments. The goal of the project is to reduce costs, increase speed and enhance transparency in international transactions.Despite the opportunities it offers, asset tokenization has challenges to overcome. The technology is new, and people are still learning to understand and trust it.

 

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