SKIP TO CONTENT

Tokenization, explained from zero

Tokenization turns a share or a fund unit into a token that carries its own rules.

What this topic covers

Tokenization means writing the ownership of a real asset, like a share, a fund unit or a building, as a token on a blockchain. Think of it as a digital share certificate that can move in seconds and that carries its own rules: who may hold it, who may receive it, and what happens when a court orders a freeze.

That last part is what makes it different from a normal crypto coin. A security token has to follow securities law, so the token checks identity and eligibility before every transfer. The articles here explain how that works in practice: the main token standards and how they differ, what a regulator has or has not said, how you check that a token is really backed by the asset it claims, and how you spot a fake one.

Where an article touches on law or regulation, it says what the source states and what is still unclear, and it never treats a proposal as a final rule. Nothing here is legal or investment advice. Every article opens with a 30-second answer and a short list of words to know, so you can start with no background at all.

Start here: three episodes, in order

  1. Read 1Tokenizing Real Assets: Do You Need Your Own Blockchain?Start with what tokenizing a real asset means and where the token lives.3 stages · 18 min
  2. Read 2ERC-3643, ERC-1400 or CMTAT: Which Token Rules to Pick?Compare the main rule books that security tokens follow.3 stages · 18 min
  3. Read 3SEC Innovation Exemption: Where Is the Wallet Check Done?See what a regulator said about the token layer, and what it left open.3 stages · 18 min

All articles on this topic

TOKENIZATION A world is one episode of the series, in reading order. Each world is split into short stages of 5 to 7 minutes.Building the RWA Chain4 stages · 24 min in total

ERC-3643 on a Cosmos Chain: Why a Freeze Can Miss Holders

Converting ERC-3643 tokens on a Cosmos EVM chain parks them in one escrow account. Why the agent’s freeze then misses the people holding the bank coins.

  1. Stage 2-1Why the freeze misses6 min
  2. Stage 2-2What still gets checked6 min
  3. Stage 2-3Where checks must run6 min
  4. Stage 2-4What standards cover6 min

TOKENIZATION A world is one episode of the series, in reading order. Each world is split into short stages of 5 to 7 minutes.Standards That Ship3 stages · 18 min in total

ERC-3643, ERC-1400 or CMTAT: Which Token Rules to Pick?

Three ways to build a security token, and the one question that separates them: where each transfer gets checked. A plain guide to picking ERC-3643, ERC-1400 or CMTAT.

  1. Stage 2-1Where the check lives6 min
  2. Stage 2-2Inside an ERC-3643 transfer6 min
  3. Stage 2-3Tranches, modules, pitfalls6 min

TOKENIZATION A world is one episode of the series, in reading order. Each world is split into short stages of 5 to 7 minutes.Building the RWA Chain3 stages · 18 min in total

Tokenizing Real Assets: Do You Need Your Own Blockchain?

Lessons from preparing a Cosmos EVM chain at Integra: choosing between contracts, an L2 and an application chain, with explicit costs and permission boundaries.

  1. Stage 1-1Do you need your own chain6 min
  2. Stage 1-2What a transfer checks6 min
  3. Stage 1-3Before you build a chain6 min