Tokenization
Representing a real-world asset as a transferable token on a public network, with rights and records defined off chain.
Tokenization does not change what the asset is. A tokenized bill is still a claim on a government instrument held through a legal structure.
What changes is settlement: transfers clear on chain in seconds, the supply is public, and the reserve behind the supply can be published continuously.
Related terms
Special purpose vehicle
A separate legal entity created to hold one pool of assets and nothing else.
Net asset valueThe value of one token calculated from the assets behind it, less fees and liabilities, at a stated time.
CenterChainThe public Layer-1 network that CenterNetwork builds on, open to anyone who wants to use or validate it.