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* By Christophe DIRICKS, Benjamin TOUSSAINT, Said FIHRI, Mesut YILMAZ, KPMG Luxembourg
Tokenization is spearheading the emergence of a new internet — the internet of value — impacting the centralized model of online value management. It offers natively digital, decentralized and peer-to-peer services accessible to all, challenging banks’ business models and the financial sector’s barriers to entry.
What is tokenization?
Tokenization is the creation of a digital representation (token) of a real-world object, such as a shareholding, debt instrument, an Andy Warhol painting, or a Ferrari F12. While all tokens are a...
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