How COVID-19 and Tokenization Can Transform the Financial Sector
In the short run, however, SMEs face significant challenges; with many of these related to access to liquidity and cash flow.
Taking advantage of distributed ledger technologies, such as blockchains, an asset can be tokenized; with ownership of each unit of that asset represented digitally on a single shared ledger that all participants in a market or financial system can view as a single source of truth.
These tokens could be fungible or non-fungible; and, in the case of fungibles, could be a digital representation of a share in an physical asset, such as real estate, art work, or a share in a company; or could be a digital instrument created for general payment, such as Central Bank Digital Currencies.
Tokens also bring increased transparency to a market and a country's financial system.
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