An original version of this article was first
published in Aurigny En Voyage, October 2025.
What is tokenisation?
Tokenisation is the digital representation of traditional,
real-world assets ("RWAs") – such as bonds,
equities, real estate and funds – in computer code stored on
a decentralised ledger (a "blockchain").
Tokenisation makes the leap to decentralisation of
data, where no-one "holds" the data. The blockchain
becomes a single store of information, where service providers
access and manipulate the data, rather than holding it on their
servers.
We think the best way to describe tokens is: "a new way of
storing data, with significant technological advantages".
Permissioned tokens