> For the complete documentation index, see [llms.txt](https://whitepaper.xend.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.xend.finance/appendices/appendix-b-digitization-vs-tokenization/existence-vs-ownership.md).

# Existence vs Ownership

The initial point of clarification necessary is that, contingent on the particular context and circumstances, subjecting an asset to the digitization or tokenization pertains to either the:

* Reality of its existence (that is, recording the asset's existence) or
* Ownership of the asset (that is, recording the details of its ownership and the manner of ownership).

***Irrespective of the terminology employed, this process invariably involves the documentation of facts associated with that asset.***

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