For decades, financial recordkeeping has followed a familiar pattern. Trades occur, systems reconcile, and official books and records are maintained in controlled internal environments. This model assumes that ownership is updated through centralized ledgers, with external systems serving as references rather than sources of truth.
Tokenized assets break that assumption. When ownership lives on-chain, the ledger is no longer internal, editable, or isolated. It is shared, immutable, and continuously updated. For institutions, this shift is not cosmetic. It forces a fundamental rethink of how records are created, validated, and reported.
