Written by Modulr | Jul 24, 2025 11:00:00 PM
In broader fintech and blockchain contexts, tokenisation also refers to the digital representation of assets – whether fungible (interchangeable, like currency) or non-fungible (unique, like NFTs) – on a distributed ledger. While not directly equivalent to payment tokenisation, both forms share the principle of substituting sensitive or valuable information with secure digital tokens. As financial services evolve, there is increasing convergence between traditional payment tokenisation and blockchain-based asset tokenisation, especially in areas like decentralised finance (DeFi) and programmable payments.