A brief opinion piece published by TheDefiant argues that tokenization should not be reduced to the simple act of moving an asset onto a blockchain. In the article, the publication says the real distinction between a tokenized asset and its offchain counterpart lies in the mechanics that become possible once the asset is represented onchain.
TheDefiant highlights three features in particular: instant settlement, automated coupon payments, and the ability for collateral to be re-pledged in decentralized finance, or DeFi. In its framing, those functions are what set a tokenized asset apart from an offchain version, rather than the onchain label alone.
The piece also notes that TheDefiant stores its articles on Filecoin. No additional details were provided in the available summary.
TheDefiant said in a short opinion piece that tokenization is about more than just putting assets onchain.
Per the article, what sets a tokenized asset apart from its offchain version is a set of features tokenization makes possible: instant settlement, automated coupon payments, and collateral that can be re-pledged in DeFi.
In that view, those mechanics are the real line between a tokenized asset and its offchain counterpart, not merely the act of moving the asset onchain.
The article also said that TheDefiant stores its articles on Filecoin.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
