Imran Khan: Tokenization is evolving into two forms—equity ownership and buyback value accumulation.

Alliance co-founder Imran Khan stated that tokenization is evolving into two forms: tokens representing equity ownership, and tokens achieving value accumulation through buybacks. Token forms that fall between the two extremes will gravitate toward either side. Unless income and buybacks are programmed and brought on-chain, it will be difficult for tokens to achieve reasonable valuations. As more companies go public, tokenization can provide global investors with on-chain participation opportunities, increasing the channels for obtaining ownership beyond traditional capital markets.