Digitization is driving new forms of what we have traditionally called money. Beyond cryptocurrencies and
versions of established units, there is the monetization and developing concepts around the “tokenization” of
which according to one Australian entrepreneur Yousef Hosseini is the next wave of disruption.
A computer engineer and solutions architect who has worked with Accenture, PwC and Deloitte, Hosseini and his
are in the process of launching a platform which is not only an exchange for cryptocurrencies but a way to
securitize the value of intellectual property (IP) through digitization.
Called the New York Digital Asset Exchange (NYDAX) the project will launch as a cryptocurrency exchange and then
move to the model of tokenizing IP, such as technology research, and offer this to investors both as a way of
research and also giving investors fresh opportunities.
“Right now, people can’t invest in patents, it is just too difficult,” he said. “Tokenization of IP is a way to
an accessible and liquid market. If you bring innovation into this space and tokenize it through technology
crowdfunding system, then this provides liquidity for a small startup."