Distributed Ledger Technology (DLT) enables a new way to digitize transactions and therefore allows to fundamentally change how value is transferred, owned, issued, and stored. Accordingly, «Tokenization» refers to the process of digitally representing these values providing not only the opportunity for innovative services, but also the basis for a re-design of interorganizational information exchange. Tokenization facilitates trading, increases liquidity and transparency in a tamper-proof manner of assets, such as real estate, cars or gold .
According to the FINMA, tokens can be divided into three groups :
Payment tokens are means of payment and are therefore cryptocurrencies
Utility tokens enable the use of platforms or applications
Asset tokens or security tokens are also called digital assets and can be related to conventional financial assets.
 Heines, R. (2017): Blockchain Technology Applications: A Conceptual Framework from a Supply Chain Perspective
 Egloff, P. (2019): Blockchain für die Praxis: Kryptowährungen, Smart Contracts, ICOs und Tokens