Andrea
Tue Jul 16 2024
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5 answers
1119
What is a tokenized asset backed security?
Could you elaborate on what exactly a tokenized asset-backed security is? In layman's terms, I'm curious to understand how it differs from traditional asset-backed securities and what role blockchain and cryptocurrency play in its operation. I've heard it described as a way to fractionalize ownership of real-world assets, but I'm still unclear on the specifics and how investors benefit from this type of security. Could you break it down for me, focusing on the key characteristics and how it works in practice?
