NEW YORK CITY—“Tokenization is a new type of technology that develops digital assets,” says Katya Fisher, a partner in Greenspoon Marder’s blockchain, digital assets and technology transactions practice group. “It’s a digital upgrade for analog assets. It’s a way to transform capital markets.”
Tokenization is supported by blockchain, a technology that allows for sharing of files and digital assets without generating duplicate copies. Blockchain is a peer-to-peer digital ledger where the software records each transaction in a block without a third party (such as a bank which is needed for most current electronic payments).