Asset Tokenization Part 1 - The Wealth Tech Tokenized Assets Management Accelerator
Asset tokenization is a new concept that uses digital tokens to fractionalize ownership of assets such as property, jewelry or fine art and smart contracts on blockchain to manage these ownership rights. Being able to tokenize assets opens up new alternative investment opportunities for asset managers and their clients, but today, the business and technology infrastructure is not in place to be able to manage tokenized assets within the portfolio management system.
Our client's Advisory Services conceptualized what a futuristic business model would require in order to incorporate tokenized assets into the investment portfolio and engaged Synechron’s business analysts, blockchain experts and user experience designers to build the prototype application that would manage these tokenized assets. To further bring the concept to life, Synechron was engaged to develop a video prototype related to the concept. Our client’s Advisory Services Report sought to explore the question, “What will asset management look like in the year 2033?” The report outlined its vision for how blockchain-based tokenization and the growing alternative investment trend might create a future where physical assets can be fractionalized into shared ownership with asset managers of the future with ownership rights governed by smart contracts.
HOW WE HELP
A Synechron Accelerator for a Leading Global Bank’s Advisory Services Concept
Synechron combined its business consulting, digital and technology capabilities to develop a clickable Invision prototype showcasing the asset management dashboard and how the smart contracts would work across a variety of scenarios including compliance and asset transfer. Synechron worked with the client to develop a video prototype explaining the concept to its corporate clients. The video served as the Keynote for its New York and Hong Kong Asset Management client conference and was presented at Synechron’s New York Client Conference. It also teased the concept of a “Corpit” which would apply a similar concept to fractionalization of business ownership shares based on business lines, products, or themes.
The project delivered a futuristic asset management vision brought to life & grounded in business & technology reality, an Invision Prototype and a Video Prototype.
To learn more about Synechron’s Wealth Tech Accelerator for Asset Tokenization and the work we’re doing email us at firstname.lastname@example.org