I keep seeing tokenization described as if the big win is putting the security onchain.
But Dusk’s latest breakdown made me look at the part that happens after ownership changes.
A tokenized security can keep one controlled ownership state across transfers, settlement, dividends, voting and other servicing instead of making different parties reconcile separate records. �
Dusk
That sounds like administration until you think about what happens when ownership changes constantly.
The expensive part isn't necessarily one transfer.
It's everyone downstream having to agree that the transfer happened, update their own record, and then use that updated record for whatever comes next.
So the interesting thing about a shared ownership state isn't that it stores the owner.
It's that the next action can start from the same state the previous action created.
No second version of ownership waiting somewhere else to be reconciled.
That's a much bigger change than simply replacing a paper certificate with a token.
The token isn't the interesting part.
The disappearing reconciliation step is.
@Dusk Foundation
$DUSK #dusk