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What is the real-use case of tokens in global economies?

Critics say that, besides speculative purposes to gain returns, tokens do not offer a real use case. PHOTO: REUTERS
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SINGAPORE - Even as the cryptocurrency world is abuzz with the upgrade of the world's second-most valuable digital currency, in what is known as the Ethereum merge, the fundamental question of the real value of a token is still up in the air.

Proponents of tokenisation - the process of converting tangible or intangible assets into digital assets that people can hold, use or transfer - say it offers a world of possibilities, including reengineering the traditional financial industry architecture.

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