Learning Lab › Tokenization and Real-World Assets

What you own, and how to assess a tokenized product

Lesson 4 of 4

By the end of this lesson you’ll be able to trace any tokenized product from the token in a wallet back to the asset in a vault or a register, name the party that can fail at each link, and run a ten-question checklist before you hold one.

A collage of five men in old-fashioned clothes standing on one another's shoulders in a tall thin column in a circus ring, a strongman down on one knee at the bottom. At the very top stands a man in a deep blue overcoat, looking away.

Links between you and the asset

Every tokenized product is a chain of claims, with the token at the far end.

Five boxes joined by arrows down the page: Token, Issuer, Vehicle, Custodian, Asset. Beside each, under the heading who can fail, sits the party at that link: the network it runs on, the issuer or its agent, the fund or company, the custodian, and whoever owes or runs the asset.

The five links, from your wallet to the asset.

Issuer: the firm that promised what the token stands for. It or its agent keeps the official register.

Vehicle: usually the fund or company that legally owns the asset.

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What you own, and how to assess a tokenized product

Links between you and the asset

Continue with The Crossover Pro

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