Asset-backed Tokens

By: WEEX|2024/10/11 10:32:56

Asset-backed tokens are digital representations of physical assets, such as real estate, commodities, or fiat currency, on the blockchain. These tokens enable fractional ownership of traditionally illiquid assets and provide greater accessibility for investors. Asset-backed tokens use blockchain's transparency and security features to verify ownership and transactions. For example, a gold-backed token would be pegged to the price of gold, with each token representing a specific quantity of the asset.

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