Entering the “token era” remains a significant leap into uncharted territory for companies, but this doesn’t have to be the case. Brickken, an up-and-coming tokenising solution, now helps companies to create digital tokens backed by real-world assets –– with zero downtime and instant execution, reports Cointelegraph.
Cryptocurrencies dominated the 2010s — and so far, artificial intelligence (AI) is the theme of the 2020s. But there’s another buzzword that’s gaining traction, too: tokenisation.
While there have been major trade innovations over recent decades, New York remains rooted in tradition, with the stock market only open between 9.30 am and 4 pm on weekdays. That’s at odds with the 24/7, digital nature of the 21st-century economy — a world where business never sleeps and TikTok posts carry more influence than newspaper columns.
To match that speed of life, up-and-coming Web3 companies looking to capitalise on current trends can confront the limitations of old-fashioned fundraising models. Barriers can stand in the way of accessing capital, stymying growth and preventing projects from achieving their full potential.
But tokenisation is being touted as a way of navigating this — allowing entrepreneurs to tap into a wider pool of investors, expand more quickly and offer levels of transparency that startups stuck in an analogue world cannot match.
Moreover, tokenisation democratises investments for individuals, enhancing liquidity and enabling participation in governance, empowering them with previously inaccessible financial opportunities and decision-making influence.
Digital assets aren’t the only things that can be tokenised. Imagine transforming real-world assets like property, fine art, precious metals and even top-shelf whiskey into tokens! As the world ventures further into the future, tokenisation can pave the way for developers to unleash a world of products, services and DApps that can completely reshape peoples’ everyday lives. Think about it – voting applications are just the tip of the iceberg!
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