Asset tokenization is a growing use case in the ever-expanding decentralized finance (DeFi) ecosystem. Asset tokenization is the transformation of real-world assets into digital assets using the features of blockchain technology.
Almost anything asset-based or characterized by cash flow can be tokenized, whether it be securities like stocks, bonds, ETFs, real estate or commodities.
DeFiChain, a decentralized financial hub operating on top of the Bitcoin network, is taking the concept of asset tokenization in a new direction with its dTokens.
Unlike securities offered by real-world companies, dTokens offer investors exposure to the price of real-world securities without the risk of ownership.
Essentially, dTokens act as a simple and inclusive way for everyone to invest in US stocks that are otherwise unavailable due to trading limitations, geographic restrictions, or other similar factors.
These dTokens can also be used for mining and staking liquidity, stored as an investment, or traded on the DeFiChain DEX (decentralized exchange). Anyone can own dTokens, even in fractional amounts, and then use them to generate passive returns.
It is essential to understand that dTokens are not “tokenized shares” of multinational corporations, as ownership does not confer benefits such as voting rights, dividends or other privileges usually available to shareholders on traditional markets.
Additionally, the prices of dTokens will not necessarily reflect those of their underlying stocks and ETFs, but are based on variable factors and are captured from streams using oracles.
Previously, the DeFiChain team had integrated dTokens associated with Tesla, the S&P 500, Alibaba, Apple, the Nasdaq 100, Amazon, Netflix, Microsoft, GameStop, Nvidia, Meta, and several other mainstream companies. Further expanding its list of dTokens, the DeFiChain team has now announced four new dTokens.
Following a ticker vote by its community, DeFiChain added Walt Disney, iShares MSCI China ETF, MicroStrategy and Intel. The community vote included a long list of companies including Mastercard, PayPal, Uber Technologies, Nintendo and many more.
When the votes were tallied, the community voted unanimously for $dDIS (Walt Disney), $dMCHI (iShares MSCI China ETF), $dMSTR (MicroStrategy), and $dINTC (Intel Corporation).
A key feature of DeFiChain is its decentralized assets. Currently, DeFiChain is the only platform that offers decentralized assets on the Bitcoin network.
True to its mission to lower barriers to entry and make financial services more inclusive and accessible, DeFiChain also announced that it will list more popular dTokens and introduce other innovative products and features in due course.
According to Prasanna Loganathar, Principal Engineer at DeFiChain, “DeFiChain is continuously expanding the dToken universe to offer users a serious alternative to the traditional financial broker – while offering the flexibility and advantages of decentralization”.
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