Crypto twitter is wrong about security tokens.
Security tokens are not about disrupting traditional asset classes. Liquidity premium, global markets, fractional ownership...are not the killer benefits of tokenization.
Time for a thread 👇
Some healthy background discussion here:
Wheels led to completely new modes of transport e.g. cars 🚕 and motorbikes 🏍.
Similarly tokenization will create new 🌴 kind of securities/markets that didn't exist before.
Domain experts coming together, doing their bits and moving on.
e.g. instead of Apple shares you will own tokens of iPhone X or AirPods. When you buy AirPod certain % 💸 comes back to you in the form of newly minted tokens
Here's couple of interesting threads along similar lines:
Something I'm trying to achieve through smartX's universal token protocol.
So let's apply our creativity and critical thinking to truly understand the potential of tokenization.
Been getting fantastic response from crypto twitter and just wanted to address few common lines of enquiry in the same thread. 👇
Tokenization opens up the design space (across pure goods-pure assets spectrum) coz of seamless digitization of various elements.
Stay tuned for smartX (@smartXbot) that's making tokenization UX super seamless/uber-like. ;)
If anything tokenization should create more opportunities for domain experts - as new multi-stakeholder asset classes, tokenized goods would require new (ricardian style?) contracts/templates.