> For the complete documentation index, see [llms.txt](https://xara-city.gitbook.io/xara-city/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://xara-city.gitbook.io/xara-city/market-place/asset-tokenization.md). # Asset Tokenization As part of the Xara City Ecosystem, a platform where assets can be tokenized through smart contract protocols will be explored. Asset tokenization is the process by which any real-world asset, tangible, or intangible, is digitized and then divided into smaller pieces that take the form of tokens. Each token represents a proportional part of the digitized asset, offering the owner of the token the corresponding economic rights. The possibilities of asset tokenization are endless and can be applied to a wide variety of assets, such as - real estate, valuable art, collectables, precious metals, intangible assets and many more.