Tokenization

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Tokenization is the process of taking something of value, such as a bank account or an amount of equity, and encoding it into something that represents that value. Cryptocurrency is one example of this, but tokenization can also be used to refer to anything that replaces sensitive information with unique passwords, hashes, or identification symbols.[1][2]

John Lothian News

JLN associate editor Matt Raebel wrote a comprehensive article explaining tokenization in simplified terms, which you can read here.

References

  1. tokenization. Techtarget.
  2. What Is Tokenization?. The Motley Fool.