“There has never been a central registry or clearing house for this market,” ATH argued in a recent research report. That fragmentation, the firm said, creates an opportunity for blockchain-based ownership and settlement infrastructure.
The company is aiming to do so by placing physical cards, primarily ‘PSA-10s’ (cards receiving the highest grade awarded by Professional Sports Authenticator), in a secure, professionally managed vault. Each physical card would then be matched one-to-one with a digital token representing ownership. The token could change hands while the underlying card remains in storage, only moving when an owner chooses to redeem it for physical delivery.
The process is similar to putting physical assets, such as gold, Treasury bills, stocks and private credit, onto the blockchain. This process, called tokenization, has become one of the biggest topics in blockchain technology recently, as proponents say it…
