The Tokenization Tsunami

The existence of the internet and, increasingly, the rise of the metaverse have resulted in both physical and intangible assets, such as the creation of a data ‘digital twin’ which means the asset can be represented in the physical and virtual environment. Whilst historically we paid for things over the counter, the internet revolution has enabled global payments between parties - electronically and now digitally. The internet and the virtual world are now more than simply themselves - they are an extension of the real world in enabling a wide range of assets to be traded, such as treasury bills, gold, real estate and art in the form of non-fungible tokens (NFTs). Blockchain-powered platforms are altering the way we buy and sell goods by allowing us to do so 24/7 from the comfort of our mobile devices, whereby making the ability to invest as simple as going on-line to buy our weekly groceries. And, according to a report from digital asset management firm, 21.co, the tokenized asset ma…