Tokenization can replace paper documents with code, thereby reducing friction that leads to high and time-consuming asset transaction costs, and transforming large unlisted assets (such as real estate or infrastructure) into smaller, more accessible units.

Today, the development stage of tokenization is roughly equivalent to the period when three of the "Tech 7 Giants" had not yet been established. Its development speed will be comparable to the development speed of the Internet and will achieve tremendous growth in decades. In the future, all types of assets can be bought, sold and held through a digital wallet.

[Odaily]