Cryptocurrencies can act as assets in digital form. This is because cryptocurrency can hold ownership and asset values in tokenization.
As the world becomes networked and digitalized, information and values are changing to digital representations. Digitization is now becoming a global trend.
This flow has accelerated with the advent of blockchain technology. In the past, physical assets such as art and buildings were thought to be an entity that would be difficult to own separately.
However, with the advent of blockchain technology, assets are tokenized and ownership can be divided into smaller units.
Ownership is a concept that exists based on legal, political and social context. As such, there may be differences between institutions in different countries.
An agreement is required between the buyer and seller that the transfer of ownership is true. Tokenized ownership is recorded on the blockchain.