The real-world assets (RWAs) represents one of the most compelling applications of revolutionary blockchain technology. RWAs will revolutionize the way we perceive and interact with various forms of value. From art and collectibles to real estate, stocks, commodities, and even personal data, a wide array of tangible and intangible assets can now be represented digitally on-chain through the issuance of tokens called as asset tokenization. RWA tokenization unlocks the benefits such as transferrin
What is asset tokenization? Asset tokenization refers to the process of recording the rights to a given asset into a digital token that can be held, sold, and traded on a blockchain. The resulting tokens represent a stake of ownership in the underlying asset.
Asset tokenization process 🔸Create the digital tokens: The first and most important step is to create the tokens that represent shares in the real world asset/property. In order to do this, one could create a legal entity that would exist
Asset Tokenization, a revolutionary concept empowered by the innovative blockchain technology, involves the conversion of real world tangible and intangible assets into digital tokens. These tokens, recorded on a secure and decentralized blockchain ledger, facilitate fractional ownership and seamless trading.
Checkout the diverse types of tokens contributing to the dynamic landscape of asset tokenization. 1. Equity Tokens: Equity tokens specifically represent ownership in a company, similar to
Plume Network uses ERC-3643 Token Standard to meet Compliance with Scalability
Plume is the innovative Real World Asset Modular Layer 1 Blockchain focused on RWAfi, which simplifies the asset tokenization. Plume's innovative solution called Plume Arc enable users to onboard real world assets onchain in just a few clicks.
Plume Network utilizes Ethereum's ERC-3643 token standard for tokenization of real world assets.
What is ERC-3643 Token Standard? The ERC3643 protocol is an open-source suite of smart contracts that enables the issuance, management, and transfer of per