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    Already envisioned it, already doing it.
    First, we digitized physical gold on [bitcoin] blockchain and traded 1g gold tokens in Thailand (MidasRezerv.com). But because we still had to accept payments traditional, not-connected to blockchain way, the speed way slow, we were stuck with KYC problems and had to accept fiat, which potentially placed us into regulatory uncertainty.
    Therefore, we (Everex.one) pivoted to digitize fiat currencies first on [ethereum] blockchain to create viable and fungible payment method that people would recognize and understand, so later we can reintro gold, cryptoequity, crypto bonds, crowdfunding, etc.

    If you have some real interest in what we do, let me know.

    @Alexi Lane
    @alexieverex maybe you can do a write up about this, we could feature it on Blockgeeks for everyone.
    You can’t tokenize a physical asset, you can only tokenize rights and obligations. For example, a custodian could tokenize an ownership interest in one ounce of gold. The owner of the token then has the right to redeem the token for one ounce of gold, while the custodian has an obligation to redeem the token for one ounce of gold, so the token represents a right of redemption and a corresponding obligation to redeem.

    The picture is more complicated as the asset gets more complicated. For example, if the “physical” asset is an ownership share (stock) in a company, the stock might include a right to transfer ownership, a right to receive dividends and a right to vote. If stock were used as collateral for a loan, the rights to transfer ownership and receive dividends might go to the debtor or loan administrator, while the owner continues to hold the right to vote. If the physical asset is a house, the owner might have the right to own, the right to occupy, an obligation to pay the mortgage, and an obligation to mow the lawn. If the owner rents out the home, the owner would retain ownership and the obligation to pay the mortgage, and would give up the right to occupy while receiving a right to rent. The renter would receive the right to occupy and would have an obligation to pay rent. The obligation to mow the lawn might go to the renter or remain with the owner–that would have to be defined by their agreement.

    In short, you have to consider all the various rights and obligations that might be associated with an assert and determine how they relate, if they need to be represented by more than one tokens, what operations can be performed on the tokens and under what conditions.