
Tokenized Finance
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.

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.