Abstract

The nascent tokenized assets industry needs to develop standards around asset definition schemas that permit each industry or vertical to create profiles based on the schemas that are specific for addressing the needs of that industry. Machine-readable asset schemas and profiles are a core element of a proper tokenized assets management lifecycle. As metadata artifacts supporting tokenization, they must be managed as part of the lifecycle. A global network of decentralized registries is needed to provide persistence and accessibility to the published asset schemas and profiles. The notion of schemas, profiles, and registries aligns with the asset-referenced tokens (ART) in the recent EU MiCA Regulation on markets in crypto-assets.