Similar to asset securitization, which involves packaging and splitting illiquid assets into liquid securities, asset tokenization is the process of packaging and dividing various encrypted assets from the virtual digital world and financial and non-financial assets from the real physical world into tokens that are valued, stored, and traded on-chain.
With the arrival of the Web 3.0 era, decentralized finance (DeFi) based on asset tokenization will extend human finance, economy, and various social activities into the virtual digital world, integrating and expanding with the real physical world. At the same time, given the programmability, composability, and divisibility of tokens, as well as the 7X24 hour global peer-to-peer atomic settlement characteristics, DeFi will be able to approach the ideal realm of the Arrow-Debreu complete market, thereby achieving a comprehensive replacement of the traditional financial system, including banking and capital markets, in the fundamental financial function of resource time allocation.
2025

Key Highlights
- Lancaster Investment Management acquired 141,987 shares valued at $31.6 million.
- The transaction represented 13.5% of the firm's reported AUM as of Q3 2025.
- Post-trade holding: 141,987 shares worth $31.6 million as of September 30, 2025.
- Gate Sports Equipment now ranks as th