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The first application of blockchain technology may have been in currencies but people are becoming increasingly aware that a secure distributed ledger system of this kind could in fact potentially support all economic activity one day.
Today startups around the world are feverishly building new frameworks for migrating ever more spheres of financial and economic activity to distributed ledger technology. Many believe that the next stage in this process is the conversion of capital markets to token networks as it is becoming increasingly apparent that the management of securities of any kind, from stocks and bonds to real estate, could be brought into the age of information through tokenization.
There is currently great interest by financial intermediaries and technologists in figuring out how to move real-world assets onto blockchains to gain the advantages of distributed ledgers while keeping the characteristics of the asset.