security-token-offering
A regulated process where tokens represent fractional ownership of real, verifiable assets, backed by formal asset ownership and regulatory compliance.
1 chapter across 1 book
Building the New Economy: Data as CapitalAlex Pentland, Alexander Lipton, and Thomas Hardjono
The chapter traces the progression from traditional asset securitization to blockchain-enabled tokenization, emphasizing how tokenization enhances transparency, liquidity, and regulatory compliance across various asset classes. It highlights practical implementations such as security token offerings for private shares and tokenization in infrastructure finance, demonstrating how blockchain facilitates fractional ownership, community-based financing, and improved market participation. The chapter also references comparative analyses of digital currencies and academic research supporting tokenization's transformative potential in financial markets and sustainable infrastructure.