• eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

Asset backed Tokens Definition and Examples

Definition

These are blockchain-based units, representing a large subcategory of security tokens. They are units of value pegged to real world assets such as real estate, company shares, gold, crude oil, equity e.tc. Thus the user hold a digital form of ownership rights. The value of the token is directly affected by the worth of the underlying asset.

Benefits of Asset backed Tokens

Easy transfer of traditional assets

Digital tokens enable can be introduced to a much larger pool of investors without the need of asset custody. Thus companies can reach a bigger market due to liquid goods.

Fractional Ownership of Assets

More individual are involved in wealth creation due to fractional ownership and geographical arbitrage.

Reduces middleman and transection cost

Blockchain technology enables digitized assets to be traded on an open and transparent ledger which is easily verifiable. Blockchain verifies the transection thus lowering transection fees .

Top 30 Security tokens or asset based tokens by Market cap according to coingecko site at the time of writing:

  1. CETTH
  2. CDAI
  3. OHM
  4. CUSDC
  5. TIME
  6. RENBTC
  7. CUSDT
  8. FEI
  9. CVXCRV
  10. SETH
  11. PAXG
  12. SBTC
  13. XAUT
  14. IN
  15. CUNI
  16. CBAT
  17. CZRX
  18. SUSD
  19. SEUR
  20. SB
  21. OBTC
  22. RAI
  23. PBTC
  24. SLINK
  25. TBTC
  26. RSV
  27. FORT
  28. GYRO
  29. SAUD
  30. SHOPX

 

 

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