According to ChainCatcher, Grayscale Research released a report stating that tokenization is the process of registering asset ownership on blockchain infrastructure. Although the modern financial system is already quite efficient, tokenization itself may not immediately improve efficiency.
However, there could be major benefits from bringing together users, assets, and applications onto a global platform. As far as the crypto market is concerned, the Ethereum blockchain may be the best choice to provide such a platform in the future.