An Ownership Token is a blockchain token that represents and confers title to an underlying asset, whether digital or real-world. Typically implemented as a non-fungible or semi-fungible token, holding it in a wallet constitutes provable control of the represented item, and transferring it transfers ownership. Ownership tokens enable trading, collateralization, and programmable rights over digital goods and tokenized property.
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- Usually a non-fungible or semi-fungible token, possession in a wallet equates to provable control, and its transfer transfers ownership. This makes ownership tokens the unit through which digital and tokenized real-world assets are traded, collateralized, and granted programmable rights.