Tokenization is not simply the creation of a blockchain token. Institutional RWA infrastructure begins with the underlying asset and extends through legal ownership, verification, digital representation, asset controls, market access and settlement.
01Asset OriginationIdentify the underlying asset and economic exposure.
02Ownership & Legal StructureEstablish enforceable rights, records and transfer conditions.
03Asset VerificationValidate existence, provenance, valuation and documentation.
04Digital RepresentationCreate a programmable representation linked to defined asset rights.
05Custody & ControlsEstablish custody, authorization and governance mechanisms.
06Market AccessDefine transferability, eligibility and market structure.
07Settlement & ReportingCoordinate records, transactions, settlement and reporting.