加密世界具有巨大的价值！

考虑到我们最近的一些意见（下面链接），您可能没想到会听到我们的话。由加密障碍链结构使资产的数字令牌化可以提高资本市场的效率

The world of crypto holds tremendous value! Given some of our recent opinions (linked below), you probably did not expect to hear those words from us. Digital tokenization of assets, made possible by the crypto-blockchain construct, can boost efficiency in the capital markets, thus greasing the wheels that drive the economy.

加密世界具有巨大的价值！考虑到我们最近的一些意见（下面链接），您可能没想到会听到我们的话。由加密障碍链结构使资产的数字令牌化可以提高资本市场的效率，从而使驱动经济的车轮润滑。

Our views on cryptocurrencies and meme coins haven’t changed, but digital asset tokenization is different and could drastically redesign financial markets for the benefit of the capital markets and the economy.

我们对加密货币和模因硬币的看法并没有改变，但是数字资产令牌化是不同的，并且可能会大幅度重新设计金融市场，从而使资本市场和经济受益。

What Is Tokenization?

什么是令牌化？

Asset tokenization is the act of digitizing the ownership of an asset. At a very high level, it is not that different from the way your bank manages your checking account. Your bank doesn’t have a vault stuffed with your cash in it. Instead, it has a computer with a series of 1s and 0s representing your cash balance. Banks essentially digitize our money.

资产令牌化是数字化资产所有权的行为。在很高的水平上，这与您的银行管理支票帐户的方式没有什么不同。您的银行没有金库塞满您的现金。取而代之的是，它具有一系列1s和0的计算机，代表您的现金余额。银行本质上将我们的钱数字化。

Digital asset tokens represent real-world assets, just as the banks’ 1s and 0s represent your cash. The range of assets that can be tokenized is limitless. Before we get into the details of tokenizing assets, it’s worth sharing some unique examples of how tokenizing assets benefits the sellers and buyers of the tokens. Consider these possibilities:

数字资产令牌代表现实世界中的资产，就像银行的1和0代表您的现金一样。可以被象征化的资产范围是无限的。在我们了解令牌资产的详细信息之前，值得分享一些独特的例子，说明如何使标记的卖方和买家受益。考虑这些可能性：

Movie Property Rights

电影财产权利

A movie producer may issue tokens to fund the production of a movie. Not only would this finance the movie creation, but it might also allow the producer more artistic freedom by avoiding the large studio companies that often dictate budgets and many aspects of the movie.

电影制片人可能会发出代币以资助电影的制作。这部电影不仅可以为电影创作提供资金，而且还可以通过避免大型录音室公司经常决定预算和电影的许多方面来使制片人更加艺术自由。

In exchange for their funding, the token owners might receive a percentage of future revenue from the film and the rights or partial rights to the film. Furthermore, they might also receive free premiere tickets as a bonus.

为了换取他们的资金，代币的所有者可能会从电影中获得未来收入的百分比，以及电影的权利或部分权利。此外，他们可能还会获得免费的首映门票作为奖金。

Drug Development

药物开发

A scientist or pharmaceutical company may source capital to research a new cancer drug via tokens. In exchange for funding, token owners could receive the rights and future revenue from the drug. Not only would this provide a new source of funding for the pharmaceutical industry, but it’s also a new way for individuals to donate to a cause they care about and possibly benefit financially.

科学家或制药公司可以通过代币来源资本来研究一种新的癌症药物。为了换取资金，令牌所有者可以从该药物中获得权利和未来收入。这不仅会为制药行业提供新的资金来源，而且这也是个人捐赠给他们关心并可能在经济上受益的新方法的一种新方法。

Art

艺术

A painting might be tokenized to share ownership of one painting or a collection of art. Token holders, for their part, could receive revenue if the art is leased to museums. Further, art enthusiast token holders can own a fraction of a prized piece of art. While revenue may or may not benefit the token holder, some ascribe much non-financial value to owning such works of art.

一幅画可能会被象征性地分享一幅画或一本艺术品的所有权。如果将艺术租给博物馆，则代币持有人可能会获得收入。此外，艺术爱好者代币持有者可以拥有一小部分珍贵的艺术品。尽管收入可能会或可能不会使令牌持有人受益，但有些人将很多非财务价值归功于拥有此类艺术品。

Future Earnings of an Athlete

运动员的未来收入

A 16-year-old high school athlete with exceptional baseball skills but little money could tokenize his future baseball income. Token holders who can scout athletes at a young age can provide some income for the kid today and share in his revenue if he makes it to the big leagues.

一位具有卓越棒球技巧的16岁高中运动员，但很少的钱可以使他未来的棒球收入来表达。可以在年轻时侦察运动员的代币持有者今天可以为孩子提供一些收入，并分享他的收入，如果他获得了大联盟。

Hotel Rooms

酒店房间

An investor or company could buy a hotel and fund its purchase with room tokens. The holder of the tokens may receive future revenue whenever the room is rented. Moreover, tokens may give the investor a discount for that room or other rooms owned by the hotel owner.

投资者或公司可以购买酒店，并通过房间代币为购买资金。每当房间租用时，代币的持有人可能会获得未来的收入。此外，代币可以为投资者提供该房间或酒店所有者拥有的其他房间的折扣。

Here are a few more ideas to highlight just how distinctive and vast the potential to raise and invest capital is:

这里还有一些想法，可以强调筹集和投资资本的独特性和巨大潜力：

We get into the tokenization weeds a bit in the following sections. However, whether you stop reading here or at the end, what we hope you take away from this article is that the tokenization process opens many new doors for those looking for capital funding. Equally, it significantly increases the number of unique and diversified investment opportunities for investors.

在以下各节中，我们稍微介入了令牌化杂草。但是，无论您是停止在这里还是在最后阅读，我们希望您从本文中脱颖而出的是，令牌化过程为那些寻求资本融资的人打开了许多新的门。同样，它大大增加了投资者独特和多元化的投资机会的数量。

More simply, it makes capital markets more effective!

更简单地，它使资本市场更加有效！

How It Works

它如何工作

The following is a step-by-step summary of the tokenization process:

以下是令牌化过程的逐步摘要：

Token Platforms And Exchanges

令牌平台和交流

The platform and exchanges take the digital token from an idea to a funding mechanism and tradable asset.

该平台和交流将数字令牌从想法到资金机制和可交易资产。

The token platform is like the factory for our product. The platform includes the lawyers, technical analysts, and back offices responsible for creating the digital security. Thus, it is where the tokens are created, hosted, and managed. This comprises regulatory compliance, initiation of smart contracts, and token creation.

令牌平台就像我们产品的工厂一样。该平台包括负责创建数字安全的律师，技术分析师和备用办公室。因此，这是代币的创建，托管和管理的地方。这包括监管合规性，智能合约的启动和代币创建。

Ethereum, Binance Smart Chain, Polygon, and Solana are a few of the larger platforms. The token issuer is mainly responsible for managing platform-related tasks.

以太坊，Binance智能链，多边形和Solana是一些较大的平台。令牌发行人主要负责管理与平台相关的任务。

Token exchanges, like the stock exchanges, are where the tokens are traded after they are created on the platform. Some examples include Coinbase (NASDAQ:COIN), Binance, and Kraken. Traders, investors, and broker/dealers are the primary users of the exchanges.

代币交易所（如证券交易所）是代币在平台上创建后交易的地方。一些例子包括Coinbase（Nasdaq：Coin），Binance和Kraken。交易者，投资者和经纪人/经销商是交易所的主要用户。

Some companies like tZERO offer both platform and exchange services. Furthermore, they are an SEC-registered special-purpose broker-dealer for digital tokens.

像Tzero这样的一些公司提供平台和交换服务。此外，它们是用于数字代币的SEC注册专门经纪人。

The importance of blockchain is that it provides much more transparency than the current financial system. A token’s ownership and its entire transaction history are available for anyone to see. Furthermore, the platforms and exchanges ensure that the tokens are tied to an asset and verified by external data

区块链的重要性在于，它提供的透明度比当前的金融体系更具透明度。代币的所有权及其整个交易历史记录都可以供任何人查看。此外，平台和交流确保令牌与资产绑定并通过外部数据验证