// definition
Asset tokenisation
Digital representation of assets or legal claims
Short definition
Digital representation of an asset or a legal claim on a programmable ledger. A token may represent the security itself, a certificate issued by a third party or another contractual right. The technology can simplify transfers and settlement; rights, collateral and liquidity depend on the instrument and its legal arrangements.
risk atlas
Knowledge map
Intuition
A token may move quickly while still depending on an issuer, a custodian and redemption conditions.