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Taking a traditional asset and representing it as a crypto token so it can move on a ledger, sometimes outside cash-market hours.
Tokenization wraps a claim on an asset (a stock, a fund, a note) as a digital token. The legal claim is in the issuer documents, not in the ticker on a screen.
See the Tokenization article under Markets. Tokenized names, when listed, sit beside cash stocks. Hours and rights can differ.