- Most assets and rights remain illiquid because transactions involving real rights—such as ownership, pledges, and usage rights—are not fully visible or standardized within traditional banking and financial infrastructures. This creates barriers to transparency, compliance, and secondary market trading.
- There is a unique opportunity to establish a global depository, purpose-built to register, safeguard, and facilitate the exchange of such rights across multiple asset classes.
- An integrated real rights information system with depository functionality would create a legally recognized environment for trading assets that currently exist in a regulatory or legal vacuum. Examples include:
- Real estate: Property titles, mortgages, and liens digitized and tokenized for secure cross-border transactions.
- Intellectual property (IP): Patents, copyrights, and licensing agreements managed as tradable, enforceable rights.
- Civil-law contracts: Digitally native bilateral or multilateral agreements whose performance and cash flows can be recorded, transferred, or fractionalized.
- Emerging digital entities, such as AI agents with defined rights and obligations, which can be licensed or assigned.
• 4. This framework would transform traditionally illiquid assets into globally tradable instruments, enabling secure, transparent, and efficient transactions across jurisdictions, while reducing settlement risk and providing traceability for regulators and market participants.
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