Tokenization
German: Tokenisierung
Recording ownership of, or a claim to, an asset as a transferable entry on a distributed ledger, so that transfer of the entry is intended to transfer the underlying right.
Mostly professionals checking whether tokenization changes the legal position of an asset or only its record-keeping; secondarily how an issuance is actually structured.
Tokenisierung — Die Abbildung des Eigentums an einem Vermögenswert oder einer Forderung als übertragbarer Eintrag auf einem verteilten Register, sodass die Übertragung des Eintrags das zugrunde liegende Recht mitüberträgt.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.