# kaal:claim:3808859-030

**Claim.** Tokenization of assets is the issuance of a digital asset that forms the digital representation of an existing real-world asset, analogous to securitization in that it converts liquid or illiquid real-world assets into tradable digital instruments.

**Type.** definitional  **Support.** asserted

**Source quote.**

> The tokenization of assets refers to the process of issuing a digital asset that forms the digital representation of an existing real-world asset.

**From.** Wulf A. Kaal, *Decentralization – Why We Need Technology Infrastructure Upgrades* (2021), V.2 Digital Transformation as a Pathway to Decentralization, page 40

**Cite as.** Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

**Verify.** sha256 of source PDF `304ad25d43b5ecea3158e3a2ca04e6e1e3bd2958e2134e2dcefbfedf3b6f3ab7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20%E2%80%93%20Why%20We%20Need%20Technology%20Infrastructure%20Upgrades.pdf

**Topics.** tokenomics, economics

**Keywords.** tokenization, digital-assets, securitization, secondary-markets

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