# Tokenization

<figure><img src="https://691358691-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0ALkozJsUEUay40J1xbk%2Fuploads%2FfDPxvXtKyI5GFVJ5ScXZ%2Fimage.png?alt=media&#x26;token=8c231d74-93ba-427e-a8b4-b06d6233056f" alt=""><figcaption><p>source: docs.pendle.finance</p></figcaption></figure>
