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.