# What is tokenization?

Creating tokenized assets describes the process of digitizing an asset class and issuing it as a blockchain based token. Blockchain technology allows tokens to be used as transferrable representations of ownership, rights and programmable contracts on one of the most secure technical infrastructures in the world.

With properties being made accessible to a broad audience through the use of blockchain technology, tokenization of assets has established itself as a primary use case to issue fractionalized, digitized assets as a more efficient alternative to existing assets in private markets. German financial authority Bafin defines tokenization as "the digitalised representation of an (asset) value including the rights and obligations contained in this value and the transferability of this value made possible by this".

Allowing companies to create liquidity for assets that were illiquid and inaccessible to outside investors before. Even beyond assets, tokenization holds great promise for digitizing and automating rights and ownership, for real estate of any kind.

{% hint style="info" %}
For more information learn how to use the [ONINO tokenization paltform](/for-developers/building-on-onino.md)
{% endhint %}

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