As a new technology that reimagines long-held concepts of value and ownership, using blockchain technology can be a legal minefield for both businesses and individuals. Countries around the world are scrambling to regulate, or clarify their positions, on cryptocurrencies and digital assets. This means that projects can sit on hold for months or even years while waiting for compliance because in some jurisdictions the regulatory frameworks are still being written. But in an increasingly digital world, tokenized assets are becoming more and more important for businesses. Legal and regulatory experts need to keep up with both the rapid pace of technological development in this area as well as the evolving legal landscape.