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How Tokenized assets can replace money

January 29, 2024


In a world where tokenization becomes mainstream, with a wide variety of assets digitally represented on blockchains, these tokenized assets will replace money for everyday payments. That’s the intriguing argument recently made onForbes by David Birch, a veteran British expert on digital identity and money.

Instead of selling your mutual fund shares to get dollars that can then be used to buy a car, you could just transfer some of the shares to the dealership over a blockchain. You’d have the car, and the dealership would have tokenized shares that could be kept invested or transferred to the carmaker to pay for replenishing the inventory.

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