# kaal:claim:3949098-008

**Claim.** Reputation can underwrite tokenized assets and provide immutable guarantees for them, and with reputation staked guarantees tokenized assets can over time function like real assets.

**Type.** mechanism  **Support.** argued

**Holds when.**

- reputation is meaningful and secure
- guarantors stake reputation and associated cashflow streams

**Source quote.**

> Reputation can be used to underwrite tokenized assets and provide immutable guarantees for tokenized assets. With reputation staked guarantees on tokenized assets such tokenized assets can, over time, exist like real assets.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), II. Basic Concept, 2. Liquidity, page 7

**Cite as.** Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Topics.** tokenomics, reputation, defi

**Keywords.** tokenization, reputation-underwriting, guarantees, liquidity, real-assets

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.