Imagine that you can invest in the same real-world asset in two different ways.
Option A: a traditional account. This option has slower settlement and is harder to transfer, but your ownership and redemption rights are clear.
B: A token in your wallet. You can move it 24/7 and potentially use it elsewhere on the blockchain, but the issuer still controls redemption, and your legal claim is essentially the same.
Same underlying asset. Same expected return.
So, which one would you choose?
What would the tokenised version have to offer before you’d choose it over option B?