Digital intangibles: the next multi-trillion dollar asset class nobody’s pricing correctly

For most of modern financial history, value has been anchored to what could be touched, counted or physically secured. Land, machinery, commodities, inventory and infrastructure shaped balance sheets, credit models and global markets. Even the recent surge of interest in real-world asset tokenisation reflects this instinctive preference for the tangible: government bonds, real estate, trade receivables and commodities - simply placed onto blockchains. The most valuable assets in today’s economy are not physical. They are often intangible, intellectual property, algorithms, networks, data, reputation, attention and software-driven processes. These assets already underpin many corporate valuations and geopolitical competition yet financial markets continue to price them with crude assumptions, fragmented ownership structures and limited liquidity. As a result, a vast and rapidly expanding segment of economic value remains systematically mispriced. The tokenisation of digital intangibles…