
Tokenization explained: ownership, settlement and the risks that remain
A digital token can change how an asset moves. Use five questions to separate the underlying investment, the legal claim and the technology around it.
Clear explanations of the structures, promises and risks behind digital assets.

A digital token can change how an asset moves. Use five questions to separate the underlying investment, the legal claim and the technology around it.

Reserves, redemption rights and exchange liquidity answer different questions. A practical comparison of the routes from a stablecoin balance back to cash.

Similar price exposure can come with very different control. Compare brokerage shares with directly held bitcoin, including redemption, recovery and ongoing costs.

Separate confirmed transactions from attribution, exposed assets from losses, and a promised fix from evidence that the failed control changed.

A separate wallet is only one part of safekeeping. Check ownership records, asset-use permissions, the custody chain and the terms governing a failure.

A register entry, a published white paper and an approved listing have different meanings. Learn how to check the entity, activity and limits of each claim.