If you want to buy, sell, transfer, or validate ownership of part of your lawnmower, car, house, or robotic equipment to another person or business, you will need to tokenize it.

Previously, per United States SEC guidelines, you had to put the asset inside an LLC to tokenize it, and then sell or transfer shares of that LLC. This made it a financial security and complex regulations, which required legal time and cost, intelligent design, and higher risk.

As the laws are now changing in the United States, the capability is being re-explored and instituted by many individuals and organizations.

It will require software, likely a blockchain, and consistent rules. The only problem is managing the custody and usage of these physical objects at different ownership levels. For example, if you sell 50% of the tokens to your house, does the other 50% owner get to live in it half the year?

There will be a generalized structure that develops where most of the world will agree, but in the meantime, there is an opportunity to define the specification and build the platform to help consumers and businesses get value from this new mechanism.