Definition ∞ Verifiable asset ownership refers to the ability to definitively prove legal or digital possession of an asset through an immutable and transparent record. On a blockchain, this is achieved by recording ownership transfers and associated metadata in a tamper-resistant manner. This ensures authenticity and prevents disputes over asset claims. It is a core utility of non-fungible tokens and tokenized real-world assets.
Context ∞ The concept of verifiable asset ownership is increasingly critical in both digital and real-world asset markets, particularly with the rise of tokenization. Discussions often focus on the legal frameworks required to recognize blockchain-based ownership and the interoperability of different asset registries. The aim is to provide indisputable proof of possession across various asset classes.
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