Tokenizing an asset means structuring and deploying a smart contract representing the asset on the blockchain. The resulting token is often referred to as a digital representation or digital twin. Any tangible or non-tangible asset can therefore be tokenized. The below guide explains how this can be done using the Token Market Infrastructure.

Step 1: Tailor The Token

To issue a token, some basic information will need to be defined at the start. This includes the token name, symbol (or ticker), chain and total supply. However, any type of metadata can be included, in addition to the core set, at the request of the issuer.

Tokens can be issued in various standards. The Token Market Infrastructure supports the following:

It is the responsibility of the token issuer to select the right standard for the asset class being tokenized. You can schedule a consultation with an Evergon Labs representative if you are unsure which token standard best fits your needs.

For each asset issued, the issuer has to:

• Select the token standard best suited for the asset class.
• Add asset-related information to the contract, depending on the asset class, such as total amount of the asset, address, owner, etc.
• Deploy the token contract.

Step 2: Launch

Once the structure of the twin token has been defined, the asset issuer is ready to deploy the contract on the blockchain. He can directly initiate and manage token deployments.

All contracts require basic information, including:

• Name
• Symbol or ticker
• Chain
• Number of assets
• Custom data relevant to the asset

By deploying the contract, the asset issuer becomes the owner of the contract. Note that transferring the ownership of the twin asset does not always equal to transferring the ownership of the underlying real-world asset. Reach out to our Evergon Labs consultants to learn more.

Step 3 (optional): Update

The twin token mirrors the value and properties of the real-world asset. As your real-world asset changes, the Token Market Infrastructure enables you to reflect these changes in the token metadata, at any time after deployment. This ensures that the twin token holds a direct relationship with the real-world asset it represents, accurately reflecting its value and characteristics in digital form at all times.

What Can Be Tokenized?

Tokenizing an asset means structuring and deploying a smart contract representing the asset on the blockchain. The resulting token is often referred to as a digital representation or digital twin. Any tangible or non-tangible asset can therefore be tokenized. Below are a few examples:

• Financial Assets: Debt, Fixed Income, Funds such as mutual funds, hedge funds, etc.
• Digital Assets: Cryptocurrencies, stable coins, etc.
• Legal Assets: Intellectual property (IP), licenses, etc.
• Collectible Assets: Art, luxury items, NFT collectibles, etc.
• Environmental Assets: Carbon credits, renewable energy certificates, etc.