Asset tokenization refers to the process of representing ownership rights of real-world and digital assets as digital tokens on a blockchain, leveraging smart contracts to securely manage these assets. This innovative use of blockchain technology offers benefits such as increased liquidity, transparency, and reduced transactional friction, making previously illiquid or inaccessible assets more available to a broader range of investors. Major companies like Microsoft, Vanguard, and Goldman Sachs are already exploring asset tokenization, indicating its potential to disrupt industries like global securities. For asset tokenization to reach its full potential, reliable offchain data from secure oracles such as Chainlink is essential, as it ensures accurate representation and valuation of assets. The process involves defining token types, selecting blockchains, verifying offchain assets, and enabling secure minting, and it promises to revolutionize markets by allowing fractional ownership, thus democratizing access to assets like real estate, bonds, and carbon credits. As tokenization continues to evolve, it could unlock new financial products and opportunities, enhancing accessibility, liquidity, and transparency across various sectors.