Essentially 'Further financialization, and often fractionalization, of assets'

Usually in schemes like this, tokens based on or 'representing'' assets are created, sold and speculated on, oftentimes in a fractional way vs the "underlying". Usually happens in the form of tricking people into believing the token is equivalent to the asset itself, but almost always the token provides no actual equity or legal ownership of the underlying asset being financialized. These markets require a trusted oracle at best, and a miracle at worst.

This is the kind of retarded crap that leads PhDs to post shit like 'if you tokenize a diamond, then it's destroyed in a fire, nothing has changed, you still own it." And other nonsense like this.

There was at least one gold tokenizatuon scam last cycle that tried to do this with both physical gold and even gold yet to be mined. 30something page white paper trying to claim it's 3 assets in one and better than the gold it's supposed to represent. Pure nonsense.

Similar to the idea of doing titles or other legal ownership docs 'on the Blockchain' it's just not a real solution to anything like that.

These things get easier to spot the BS in the more you understand why 'Bitcoin' and not 'Blockchain'