As much promise as native digital assets have for the economy, some believe that an even bigger opportunity lies within the world of tokenized or digitized securities. In fact, capital formation through tokenization could turn out to be one of the biggest advancements of financial engineering in our lifetimes. Through tokenization virtually anything could be securitized, from works of art to employment contracts. That said, despite this promise security tokens have failed to make the same impact in our collective mindshare or actual economic activity.
There are several reasons for these false starts and shortcomings, the biggest being the continuing search for a product-market fit. After all, just because something is tokenized doesn’t mean that