A digital asset refers to the digital representation of something of value.
A digital asset can include cryptocurrencies or crypto tokens, or can represent a real-world asset (RWA) that is stored on the blockchain in the form of a token that represents its value, identified with its unique ID.
Digital assets can be used as either a medium of exchange that can be used to acquire goods or services, or can simply refer to the physical representation of a real-world asset in its digital asset form with its unique identification code.
As blockchain and digital assets continue to mature, the use cases for digital assets will likely continue to grow, opening up the world to new opportunities.
Johannes Schweifer is the CEO of CoreLedger, a company empowering businesses of all sizes to access the benefits of blockchain technology. Schweifer co-founded several blockchain start-ups, including Bitcoin Suisse. He’s a passionate problem solver, holding a master’s degree in chemistry and a PhD in distributed computing and quantum chemistry.