The big advantage is that digitization and standardization can reduce costs in terms of issuing and administration. So it is about simplification that would not have been possible with the analogous financing. It only makes a small difference whether the ticket size is large or small. This makes smaller-scale financing easier, which can be adapted much better to the company’s goals and ecosystem. Customers can become co-owners or lenders and thus become more tied to the company. Tokenization simply combines the advantages of crowdfunding and digitization in order to enable even more precisely tailored financing that reflects the interests of both sides. This not only reduces the direct financing costs, but also the indirect setup costs. All transactions between the participants take place without intermediary intermediaries such as banks, notaries or states. This renouncement of trust-building intermediaries and the resulting automation of business processes leads to time and cost savings.