While innovation in technology is often discussed, it seems to be taking a backseat as tighter budgets and short-term strategies dominate the equipment finance industry. Blockchain, a term that has generated significant buzz in financial services, has largely felt distant from practical application in sectors like ours. It may seem irrelevant to our industry—until the day it isn’t.

One of the most exciting applications of blockchain is asset tokenization—a process that digitally represents ownership of physical assets on the blockchain. This shift is opening up new possibilities for fractional ownership of high-value commercial equipment, a development that could have transformative implications for small and medium-sized businesses (Companies) especially.