Tokenization offers many advantages on both the investor and issuer sides. With the help of tokenization, for example, assets, rights, and obligations can be digitally divided into individual fragments and thus made accessible to a larger group of investors. An important criterion for the subscription of a Security Token for potential investors is the possibility to trade this token on a secondary market. The following blog post was written by Maximilian Portenlänger, Head of Securitization at Bankhaus von der Heydt, for our whitepaper “Secondary Markets for Security Token”. The whitepaper is part of a series titled “STO 101: Anatomy and Context of Security Token Offerings”. More information on this series can be found here.