Experts consider tokenization a potentially disruptive blockchain-based innovation. Cryptographic tokens can represent ownership of tangible and intangible assets in the digital space, serve as a store of value and proof of ownership, and enable investments in historically illiquid assets. While there are promising use cases for these new technological capabilities, research on economic perspectives is still in its infancy. Therefore, we focus on asset tokenization services, develop a taxonomy following Nickerson et al. (2013), and align our analysis with established business model dimensions. Our dataset is based on a three-stage approach incorporating academic literature, consulting reports, and real-world projects. As a result, we identify 16 dimensions, 14 sub-dimensions, and 101 characteristics that improve our understanding of asset tokenization services and provide a starting point for further research.
Kölbel, Tobias; Lamberty, Ricky; Sterk, Felix; and Weinhardt, Christof, "Spotlight on DeFi Centerpieces: Towards an Economic Perspective on Asset Tokenization Services" (2022). PACIS 2022 Proceedings. 94.
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