Fractional ownershipEvery transaction and block on a blockchain has an owner. An owner is any entity (person, group, or organization) with... Read More on a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More facilitates ownership of a fraction of an asset securely stored on a decentralized ledgerA decentralized ledger is a database that records and verifies transactions independently of any central authority. Read More. Assets can be physical assets (such as property or art) or digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... Read More (including stocks, bonds, and cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More). Fractional ownership allows multiple people to own a portion of an asset that would otherwise be too expensive for an individual to buy outright. For example, to own 1/100th of a painting worth $1 million.
