Blockchain technology is enabling secure, decentralized asset tokenization, transforming how physical and financial assets are managed and traded. Features like smart contracts, fractional ownership, and enhanced liquidity are driving efficiency and accessibility. Advances in scalability (e.g., Layer 2 solutions) and interoperability (e.g., cross-chain bridges) are fueling market growth across asset classes such as real estate, equity, debt, commodities, and DeFi, with tokenized real estate projected to reach $3 trillion by 2030. While challenges like regulatory uncertainty and custody issues persist, evolving compliance standards and technological advancements position tokenization as a key innovation in global financial systems.