How to Tokenize the Real World Assets?


Hello Physical Asset Holders,

After the launch of blockchain, the number of users of cryptocurrencies and tokens is increasing day by day. To hold ownership of the digital products, everyone started to develop non-fungible tokens (NFTs), these tokens representing full control over the virtual assets. In recent times, blockchain developers have been crafting a high-end platform to tokenize physical products. It will be a huge relief for the people who are all having physical assets like land, houses, gold, money, etc. These tokens are highly safe and secure because they were developed with the support of blockchain technology. Ethereum is a popular blockchain network used for developing digital tokens. In the blockchain sector, ethereum will be called a land of token development. This blog will give you clear understanding of asset tokenization 

What is Asset Tokenization?

Asset tokenization is the process of developing digital tokens for physical products with the support of blockchain networks to represent the complete ownership of the respective assets. If the user wants to transfer ownership to another person, they can exchange the token with the concerned person. This will eliminate the interference of third parties and also save time. 

This example will give the more clarity to you

A person has 20 lakhs worth of land; he converted his physical asset into a digital token to hold full control over the land. Suddenly, he needs 10 lakh rupees for emergency purposes; at that time, he need not sell the whole land; rather, he can transfer 10% of the shareholding of the assets to the respective person with the help of tokens. Now, he will receive the amount of Rs.10 lakhs without transferring full control of the asset. Later, he can gain full control of the asset after the repayment of Rs. 10 lakh to the respective person.

Asset Tokenization Development Company 

An asset tokenization development company specializes in creating digital tokens representing real-world assets on blockchain networks. These companies offer services to tokenize various types of assets, including real estate, commodities, stocks, artwork, and more. In asset tokenization, smart contracts are key players, automating blockchain processes related to ownership, transactions, and compliance. These contracts, written with predefined rules in code, ensure transparent and trustworthy execution, removing the necessity for intermediaries.

Features of  Asset Tokenizing Platform Development

Our platform always stands unique with its amazing features.

High Customization: Users can customize token parameters to meet the needs of particular asset classes or legal requirements because of the platform's flexibility in token design and configuration.

Multi Asset Support: A wide range of asset classes, including stocks, bonds, real estate, commodities, intellectual property, and more, can be tokenized using the platform. It allows fractional ownership of a large variety of assets and accommodates a wide range of investment preferences.

High Security Measures: Elegant security measures protect the confidential information and digital assets from online attacks and illegal access. Encryption, secure custody solutions, and multi-factor authentication protect resources and improve platform security.

Adaptability: The platform's ability to stay competitive and adapt to changing market demands is ensured by its dedication to ongoing innovation and technological advancements.

User Friendly Design: Users can tokenize assets, manage their investments, and navigate the platform easily because of simple layouts and designs. Accessibility and user experience are improved by simple processes and clear design.

List the Benefits of using Asset Tokenizing Development

The comprehensive benefits of using our tokenizing platforms are mentioned below.

Instant Ownership Transfer: Our platform users can transfer the ownership of the assets instantly without any delay. Traditional methods of asset ownership transfer will take some time due to the documentation process. But, our software will make the ownership control immediately.

Removal of Third Party: Users can transfer the tokens to the concerned person without interference of any third party. They can transfer ownership with just a single click. Due to the elimination of middlemen, users can save money and time.

24x7 Access: The platform users can transfer the tokens whenever they want because there are no time restrictions for using the software. 

Global Access: Users can exchange the tokens with the respective users in any part of the world. Our software will not be restricted from any geographical or territory regions.

High Transparency: Each and every token transaction will be recorded in the platform. It is designed with blockchain technology so transparency is high in our platform. 

Mention the Industries using Asset Tokenization Solutions:

Many industries have started to tokenize their organization assets into digital tokens. Let’s see the list of industries.

Healthcare: Healthcare industries are started to tokenize their medical equipment, patient data and other pharmaceutical supplies etc. These tokens have the potential to transform the management of healthcare data, enhance patient care, and create new opportunities for both patients and healthcare providers.

Logistics: Shipping-related goods, documents and vehicles can be tokenized in the logistics sector, it will be helpful for them to trace from start to end of the product delivery. It also reduces fraudulent activities and enhances the supply chain operations.

Real Estate: One of the fastest tokens using industry is the real estate sector. Tokenizing the lands can help to change the ownership of the property instantly and simplify investment opportunities by increasing liquidity and creating various opportunities. 

Intellectual Property Rights: Intellectual property owners can tokenize their holdings like patents, copyrights, and trademarks. It will help to generate funds and monetize assets easily.

Agriculture: By enabling farmers to tokenize their land, crops, and equipment, tokenization asset software is revolutionizing asset management in the agriculture sector and opening up opportunities for fractional ownership and investment.

Financial institutions: Tokenization asset software has transformed asset management in the financial sector by digitizing investment portfolios, documents, and securities, enabling fractional ownership, and enabling transparent transactions.

How to Develop an Asset Tokenization Platform?

The basic development process of the asset tokenization platform is listed here.

Step 1: Collection of Data 

We have to collect the needs and requirements of the clients regarding the tokenization platform. Collected details should be documented properly to make the complete plan for the development process.

Step 2: Platform Design

Our design team will start to design the basic layouts and wireframe designs for the platform. The location of the navigation menu, colour and theme will be decided in this stage. If any changes are required in the design, it can be altered as per the requirements.

Step 3: Development Stage

Platform will be started to develop by the blockchain developers. In this stage, developers will add features and extra elements as per the requirements and demands.

Step 4: API Integration

After the platform development, developers will integrate API keys to enable communication between the applications. It will enhance the platform performance.

Step 5: Testing

Before launching the platform to the live environment, it will undergo a testing process to solve the defects and ensure the security measures.

Step 6: Launching

Tokenization platform is now ready for the launch, it will be deployed in the live environment to get feedback from the clients. If any changes or queries are arised, it will be solved within a week. 

Explore the Tokenization Process of Physical Assets:

Step by Step process of asset tokenization is mentioned here.

Step 1: Asset Selection

Tokenization starts with the identification of appropriate physical assets. These assets could be valuable commodities such as precious metals, real estate, artwork, or other commodities.

Step 2: Assessing the Physical Asset

Tokenization software will assess the relevant information about the physical assets. Relevant details are like location, specifications, history of ownership, and legal records of the product.

Step 3: Token Creation

Preferred blockchain technology is used to create the token after the assessment. Ethereum is a highly preferred blockchain network. The token holds data about the asset it represents, including rights, benefits, and ownership details.

Step 4: Fulfilling Legal Requirements

The token has to follow the laws and regulations as per the legal authority. The procedure should ensure that the tokens should be created with relevant laws and regulations. 

Step 5: Token Offering

Now, the created token has been ready for use. It represents the complete control and ownership of the physical product or asset. If you want to transfer the ownership, the token holder can transfer the token to the concerned person.

Why MetaDiac is Superior at Developing Asset Tokenization?

MetaDiac is a trustworthy crypto token development company now also called an asset tokenization development company in this blockchain era. We are highly specialized in designing the platform to tokenize the assets of the physical products at an affordable cost. In this five years of journey, we earned a lot of positive feedback from the clients and our track record in developing asset tokenization software is unmatchable. We have a strong development team to satisfy your requirements. Please connect with us to develop a high-end asset tokenization platform. 

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