Tokenisation of Tangible Assets
摘要
This chapter examines the tokenisation of tangible assets, highlighting how blockchain and smart contracts are reshaping financial markets. It reviews key legal frameworks, especially Germany’s Electronic Securities Act (eWpG), and compares major blockchain platforms. The benefits of tokenisation—including increased liquidity, fractional ownership, and automated compliance—are discussed, alongside a practical case study of tokenised gold. The chapter concludes by addressing regulatory and technological challenges, emphasizing the need for global standards and interoperability to fully realize the potential of asset tokenisation.