Through tokenization, legal rights to physical objects can be represented on the blockchain and easily traded across borders without the traditional procedures associated with a change in ownership. This decreases costs and time investment on both sides. More profoundly, tokenization allows for the fractional ownership of assets, which previously had to be owned by a single entity.
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Digital legal entities in Liechtenstein allow tokenization of true equity tokens that could represent any asset and right. This innovative approach could be a way to save time and money.
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