An asset is any kind of economic resource that can be owned or controlled to produce value. A company’s assets are often recorded on a balance sheet, where the monetary value of an asset is set by an accountant. Assets are widely classified into two major groups – tangible and intangible assets. Tangible assets include vehicles, equipment, real estate, currencies and others. Intangible assets are patents, franchises, trade names, etc. The general interpretation also defines digital assets, software and other computer-based assets as intangible. Some blockchain-based digital assets are called smart assets – cryptocurrency tokens that represent the ownership of some real-world, tangible or intangible asset and are exchanged under the rules of the smart contracts of blockchain it’s based on. Blockchain assets are getting more attention because of their protection from being changed after being recorded in the network.
For years, tokenization has been hyped to be one of the most interesting use cases of blockchain, but it hasn’t gained its momentum yet.
Tokenization of assets is not taking off, but it really should
Bitcoin’s market cap was less than $100 million short of $1 trillion for a few brief moments today.
Bitcoin market cap briefly tops $900 billion
Ethereum’s recent gains saw it join Bitcoin on an exclusive list among the world’s biggest movers and shakers.
Ethereum bursts into list of top 100 assets in the world by market cap
For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders.
India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban
Bitcoin Strategist at Kraken, Pierre Rochard, explains why Bitcoin is the perfect asset against uncertainty despite its high volatility.
4 Reasons Why Bitcoin is The Best Hedge Against Uncertainty
A survey found twice as many people use central bank digital currencies than decentralized cryptocurrencies.
Survey: Consumers Trust CBDCs Over Privately-Issued Crypto Assets
A platform has developed token protocols that enable blockchain developers to add options like income verification and “geofencing” at the token layer.
Financial Services Ecosystem Vows to Cut Compliance Costs for Startups