3.2 Asset Tokenization and Minting
Once verified, the asset will be tokenized through smart contracts on the RockSolidProtocol platform.
The value of the asset will be divided into blockchain-based tokens, each token representing a fractional share of the underlying asset.
Example: A $1 million real estate property could be divided into 1 million tokens, each representing $1 worth of ownership.
The tokenization process will be handled through RockSolidProtocol’s smart contracts based on the ERC-20 and ERC-721 standards for fungible and non-fungible token representation.
Cross-Chain Tokenization: Tokenized assets will be wrapped and made compatible with multiple blockchains (e.g., Solana, BSC).
RSP tokens will be required to initiate the tokenization process, ensuring that demand for RSP increases as more assets are onboarded.
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