3 Reasons Why Your Precious Metals Shine Brighter as Tokens
As inflation spreads like an epidemic across the globe, every object we purchase seems to be an investment for tomorrow. A house yesterday could cost you a leg today, much less if you are an investor looking to delve into the market of precious metals. The curve for novice investors may seem steep at first, but fret not, for blockchain technology has transformed the investing scene into a whole new ballgame. The secret lies within asset tokenization.
Asset Tokenization — The Secret to Success
Asset Tokenization refers to the issuance and the circulating rights of tangible and intangible assets that are represented as tokens on a blockchain platform.
Unlike traditional methods that require significant time-frames and costs to process and complete, tokenization on the blockchain is quick, efficient and cost-friendly. Assets are pushed onto secondary markets within days, and are available for purchase immediately, offering great investment opportunities for developing financial markets.
Sounds enticing, enough? Well, there is more to come. Here is a list of three reasons why your precious metals will shine brighter as tokens on a blockchain.
1. Transfer of Asset Ownership is as Smooth as a Knife Through Butter
Blockchain technology is quick and efficient, and even more so with peer-to-peer technology. Transference of ownership no longer need days to complete as blockchain technology eliminates the need for third-party intermediaries such as banks, greatly reducing the hours taken for such a transaction into one of mere seconds.
2. Assets Are Available 24/7 in Every Corner of the World
Precious metals can be hard to source for and mine, especially if the geographical climate you stay in is not conducive to the natural production of ores. With blockchain technology, however, the problems these geopolitical climates bring are considered moot. As long as there is internet connection present in the country, any investor is able to purchase and sell their precious metals assets through the blockchain platform at any time of the day.
3. Fractional Ownership and Greater Liquidity
Precious metals can be really expensive and may present a high barrier of entry for investors looking to get their first gig started. With blockchain technology, however, fractional ownership becomes a possibility for consideration. As the name implies, fractional ownership signifies the ownership of a fraction portion of the asset’s entire value, allowing investors to invest at a lower cost, and even gain voting rights within the circumstances of equity in a business.
The act of tokenization also allows for higher liquidity as the assets (the precious metals) are now made more accessible to everyday investors with reduced trading frictions. Fractional ownership also permits investors to sell or buy a fraction of an asset, locking up its capital for its wider circulation.
Conclusion?
Asset tokenization is the future of the investment world and will become one of the most pertinent issues in the coming decade. Putting your precious metal on the blockchain is prudent and wise, especially given the wider adoption rate of blockchain that is soon overtaking the world.
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