Tokenization Startup Proposes 'TaxWraps' to Democratize Tax-Deferred Investing
• Asset tokenization allows assets like stocks to be tokenized into digital tokens that can be easily traded • TaxWraps are proposed to allow income-generating assets to grow tax-deferred like ETFs, via tokenization • TaxWraps would allow high net worth investors to defer taxes while compounding wealth • Tokenization could democratize access to tax-advantaged investment strategies previously only accessible by the wealthy • TaxWraps combine tokenization technology and existing tax law to enable a new wave of tokenization growth