# Existence vs Ownership The initial point of clarification necessary is that, contingent on the particular context and circumstances, subjecting an asset to the digitization or tokenization pertains to either the: * Reality of its existence (that is, recording the asset's existence) or * Ownership of the asset (that is, recording the details of its ownership and the manner of ownership). ***Irrespective of the terminology employed, this process invariably involves the documentation of facts associated with that asset.*** \