Exploring the landscape of Tokenization: A comprehensive systematic literature review

Asset tokenization and NFTs are rapidly evolving within the crypto industry, with their true potential yet to be fully realized. This chapter explores their potential to revolutionize traditional investment methods. Through a systematic literature review, we will comprehensively examine tokenization, a blockchain-based technology converting asset rights into digital tokens. Examine the advantages and disadvantages of tokenization, drawing on from academic articles, industry reports, and case studies. Benefits include enhanced liquidity, fractional ownership, faster, cost-effective transactions, and transparency. Challenges include regulatory uncertainty, technical complexity, and security risks. The review also employs VOSviewer to analyze bibliometric networks, providing insights into the existing knowledge structure. The findings highlight tokenization's transformative potential across sectors like finance, real estate, and art, emphasizing the need for further research and regulatory clarity. This analysis also highlights tokenization's wide-ranging impact, recent developments, and future trends. In addition, it serves as a valuable resource for academics, policymakers, industry professionals, and innovators exploring tokenization's effects.