Polymesh Glossary


Digital assets

Digital assets are broadly defined as digital representations of something of value. In the context of blockchain, digital assets are created, traded, and stored on the blockchain, enabling ownership to be verified and recorded electronically. This removes the need for paperwork or mediation by a central party like a bank or broker, making transactions quicker and easier. Cryptocurrencies, asset-backed stablecoins, security tokens and utility tokens are all subclasses of digital assets.