Tried lining up two things Dusk Publishes separately its native issuance docs page and a recent post on TokeNization because together they say something neither says alone.#dusk
The docs page draws a three way split digitization tokenization and native issuance. The Post sharPens the middle two. Tokenization in their framing is a wrapper the bond still sits with a custodian the token just tracks it and you still Need reconciliation between the on chain record and the off chain reAlity. The wrapper adds a layer it doesnt remove one.
@Dusk_Foundation
Native issuance is the other side. The asset is created on chain as the legal record. Settlement is Atomic custody is at the protocol level and corporate actions run incode with no reconciliation step.
Put those next to each other And it lands these are Nott two versions of one idea they solve different problems.
Tokenization moves a copy onChain. Native issuance moves the record.
I think the two get conflated because both end with a token you can hold so they look identical from0utside.
What would settle it for me is one real asset shown end to end as native issuance no custodian no reconciliation so the difference is visible and not just definitional.
$DUSK $APR $VELVET
The docs page draws a three way split digitization tokenization and native issuance. The Post sharPens the middle two. Tokenization in their framing is a wrapper the bond still sits with a custodian the token just tracks it and you still Need reconciliation between the on chain record and the off chain reAlity. The wrapper adds a layer it doesnt remove one.
@Dusk_Foundation
Native issuance is the other side. The asset is created on chain as the legal record. Settlement is Atomic custody is at the protocol level and corporate actions run incode with no reconciliation step.
Put those next to each other And it lands these are Nott two versions of one idea they solve different problems.
Tokenization moves a copy onChain. Native issuance moves the record.
I think the two get conflated because both end with a token you can hold so they look identical from0utside.
What would settle it for me is one real asset shown end to end as native issuance no custodian no reconciliation so the difference is visible and not just definitional.
$DUSK $APR $VELVET