Tokenization's impact on risk management:

1. _Tokenized derivatives_: Tokenization enables the creation of derivatives, allowing investors to hedge and manage risk more effectively.

2. _Fractional ownership_: Tokenization enables investors to buy and sell fractions of assets, reducing exposure to risk.

3. _Diversification_: Tokenization enables investors to diversify their portfolios by accessing new assets and markets.

4. _Real-time monitoring_: Tokenization enables real-time monitoring of assets and portfolios, allowing investors to respond quickly to market changes.

5. _Automated risk management_: Tokenization enables automated risk management strategies, reducing the need for manual intervention.

6. _Transparency and auditability_: Tokenization provides a clear and publicly accessible record of transactions and ownership, reducing counterparty risk.

7. _Decentralized and trustless_: Tokenization enables decentralized and trustless risk management, reducing reliance on intermediaries.

8. _New risk management products_: Tokenization enables the creation of new risk management products, such as tokenized insurance and reinsurance.

By improving risk management, tokenization enables investors to better manage and mitigate risk, increasing confidence in the market and potentially leading to increased investment and economic growth.