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ReadersSpeak

How far can tokenization go? physical assets such as real estate, art, industrial assets
and collectibles; natively digital assets, including digital
e received the following note about use art and music, digital collectibles and gaming; financial
cases for tokenization, beyond POS trans- assets like bonds, equities, commodities and fiat-backed
action data tokenization, from Radoslav stable coins; certifications such as vouchers, loyalty points,
W Albrecht, founder and CEO of Bitbond, awards, entry tickets, web domains, and diplomas and
https://bitbond.com, a company that provides asset tokeni- certificates; and other tokens for utilities and governance.
zation tools, custody technology, on-chain settlement and
implementation support. One use case immediately relevant to payments is loyalty
points tokenization, which is "the issuance of traditional
"Asset tokenization is the hottest topic in digital assets loyalty points or rewards into natively digital form on
and blockchain right now," Albrecht stated. "We all see the blockchain," researchers wrote. "These digital tokens
tokenization related announcements practically on a represent the ownership or rights to certain rewards or
daily basis. When applied to the right use cases, asset benefits. They can be traded, transferred, or redeemed
tokenization can help grow revenue significantly and with greater ease, security, and transparency than
cut costs of certain processes by over 90 percent. To take traditional loyalty points."
advantage of tokenization, it is important to understand
its use cases. Therefore at Bitbond we put together the The full list of 25 asset tokenization use cases is at www.
ultimate overview – the Bitbond Tokenization Use cases Bible." linkedin.com/posts/bitbond_tokenization-use-cases-bible-2023-
bitbond-activity-7087044401281007617-pV2W/.
The 37-page report defines tokenization as "the process
of representing valuable assets or rights on a blockchain Tokenization
through the creation of digital tokens. Tokenization gained Have you and your company explored any of the
significant attention and traction after the first financial tokenization use cases set forth in this report? How might
institutions have implemented foundational digital asset payments enterprises make use of asset tokenization to
infrastructure over the last few years." improve their products and services? Please share your
perspectives on this with us at greensheet@greensheet.com.
Among the use cases described are digital twins of

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