No coding needed: BNB Chain simplifies digital ownership
From art to property, buy a slice of anything in minutes with tokenization service
The web3 space is evidently growing, as more decentralized applications are being developed and more people join the movement. Key players are constantly innovating to make this landscape more accessible to everyone.
One leader in this mission is BNB Chain. With a focus on simplifying web3 entry, BNB Chain has launched a comprehensive tokenization service, aiming to make asset ownership accessible to people of all backgrounds.
BNB Chain said it is “committed to building an inclusive web3 economy with tools that make blockchain accessible to everyone, regardless of technical expertise”—and asset tokenization is one of these tools.
The new service is designed for efficiency, regulatory compliance, simplicity, and speed, allowing assets to be tokenized in just minutes. Importantly, this solution requires “no coding, [and] no blockchain knowledge,” BNB Chain said in an X post, describing it as “just a fast and simple way to tokenize assets.”
The digital economy is booming, and we’re here to make Web3 easier than ever.
— BNB Chain (@BNBCHAIN) November 6, 2024
Introducing BNB Chain's One-Stop Tokenization Solution!
No coding, no blockchain knowledge required - just a fast & simple way to tokenize assets.
Here’s everything you need to know 🧵 👇 pic.twitter.com/enXcsGPmJh
What is asset tokenization?
Asset tokenization is a process where ownership of an asset is represented by digital tokens on a blockchain, similar to a digital certificate of ownership. This can apply to both digital and physical assets, whether they’re fungible (like currencies) or unique (like artwork or real estate). Chainlink explains that by storing ownership as tokens, people can buy or trade these assets digitally with ease.
BNB Chain emphasizes that tokenization is one of the “most promising applications of blockchain technology, offering a secure and efficient way to manage and exchange value digitally.” Its tokenization service has two main applications: real-world asset (RWA) tokenization and company tokenization.
[1/7] 🚀 Brickken collaborates with BNB Chain as an Official RWA Tokenization Provider! 🚀
— Brickken (@Brickken) November 6, 2024
We're excited to announce our strategic collaboration with @BNBChain, as an Official Provider for Real World Asset (RWA) Tokenization on @BNBChain! This collaboration marks a new era in… https://t.co/gcHUO4JLAn pic.twitter.com/A2FEJ07lwM
Why retail investors may benefit from tokenization
Asset tokenization could be a game-changer for investors. Traditionally, certain assets—like fine art or real estate—have been accessible only to wealthy institutional investors. Tokenization lowers these barriers, letting people invest in small portions or “fractions” of high-value assets.
In addition to widening access, tokenization could also make the market more fluid and efficient. Thanks to blockchain technology and smart contracts—which are blockchain-based digital contracts that execute certain actions when criteria are met—the transaction process is simplified. This also enables a 24/7 worldwide market and cuts down transaction costs and time.
Allowing retail investors to fractionally own an asset could also boost its liquidity—like in the case of tokenized real estate. Conventionally, real estate assets are illiquid, which means that they canot be easily and quickly converted into cash. But with tokenization, investors can easily purchase or sell their holdings.
Blockchain technology that powers the solution also ensures the service's transparency and security. This technology is both immutable, which means that it cannot be changed, and decentralized, which means that a central authority does not control it. Because of these aspects, investors are assured that their asset holdings bear integrity.
Real-world asset (RWA) growth
In September, Binance Research noted that on-chain RWAs have reached a market value of more than $12 billion. It noted in an X post that “on-chain real-world assets (“RWAs”) have reached an all-time high.”
On-chain real-world assets ("RWAs") have reached an all-time high.
— Binance Research (@BinanceResearch) September 13, 2024
Our new report explores this recent growth, outlines key RWA categories, and provides a tech-driven tour of some of the most interesting protocols in the space.
Read on 🔽https://t.co/1w8gr3Nrkg
The market of RWAs covers various tokenized assets, including private credit, US Treasuries, stocks, real estate, and commodities. Other novel categories like carbon credits and air rights are beginning to rise in the landscape.
In an interview with Bloomberg Television, Larry Fink, the CEO and Chairman of multinational investment firm Blackrock, said, “We believe that the next step moving forward would be the tokenization of digital assets.”
Experts caution that there are still challenges for RWA tokenization, such as ensuring asset authenticity and navigating regulatory hurdles. Nonetheless, the potential for growth in the tokenization space remains vast, promising greater accessibility and transparency in asset management.
