Why can I hold a tokenized asset but not redeem it for the real asset?

Token ownership does not automatically confer direct redemption rights. Eligibility, minimums, jurisdictions and the issuer's contract can govern whether holders can redeem.

The answer

Token ownership does not automatically confer direct redemption rights. Eligibility, minimums, jurisdictions and the issuer's contract can govern whether holders can redeem.

What to do next

Verify legal rights, custody backing and eligibility with the issuer before buying.

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ethereum.org — Wallet and account documentation

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Ledger hardware wallet

Relevant hardware-backed signing for supported assets; it does not eliminate gas fees, contract vulnerabilities or approval risks.

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