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Tokenization Could Give Blockchain a Wider Role, Nansen Says

South Korea’s Seoul Crypto Institute plans proposals and company pilots for tokenization in trade and capital markets, Edaily reported.

Updated 1 min read
Commuters pass office towers in Seoul’s Yeouido financial district on an overcast morning. / EconoTimes.ai
Commuters pass office towers in Seoul’s Yeouido financial district on an overcast morning. / EconoTimes.ai

Nansen says tokenization could bring blockchain technology into a wider range of sectors, arguing in a recent X post that the shift is an unavoidable direction for crypto.

Tokenization puts an asset or financial product into a digital record on a blockchain. Nansen analyzes blockchain activity to provide insights to crypto investors.

Edaily reported that South Korea’s Seoul Crypto Institute plans to develop policy recommendations, draft legislative proposals, explore company pilots and convene working groups focused on applying tokenization to trade and capital markets. EconoTimes previously covered the institute’s agenda. The institute has not announced a timetable for a formal proposal or a government decision.

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