Definition ∞ Debt obligations, such as bonds or loans, that are represented as digital tokens on a blockchain. This process converts traditional financial liabilities into programmable assets, enabling fractional ownership, automated servicing, and increased liquidity through digital markets.
Context ∞ Tokenized debt instruments represent a significant innovation in traditional finance, offering potential for increased efficiency and accessibility in debt markets. Regulatory acceptance and the development of robust legal frameworks are crucial for their widespread adoption and market confidence.
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