The Tokenization Team in the SCL-Project explores and consolidates expertise in the tokenization of real-world assets. Their task is to develop and deploy systems that exploit tokenization strategies through blockchain technology. They are dedicated to exploring the transformative potential of tokenization in finance.
Tokenization, in this context, refers to the process of converting the rights of an asset into a digital token on a blockchain application. These digital tokens represent the value of the asset and provide transparent and immutable proof of ownership. Representing assets on-chain increases transparency, accelerates transaction speed, and streamlines operations while significantly reducing costs and mitigating counterparty risks.
Our team currently focuses on making digital assets more accessible and transparent. We created a comprehensive database that provides a snapshot of the tokenized financial products traded in Switzerland and rounded it up with a paper on it, providing insights into digital asset trends and its evolving market dynamics. Our ongoing efforts aim to publish this database together with the corresponding paper to benefit investors, researchers, and the public. We believe tokenization can significantly enhance financial markets by increasing efficiency, transparency, and liquidity.
“We believe the next step going forward will be the tokenization of financial assets, and that means every stock, every bond […] will be on one general ledger.”
Larry Fink – Chairman and CEO of BlackRock