> For the complete documentation index, see [llms.txt](https://docs.payswap.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.payswap.org/products/auditors/tokenizing-personal-posessions.md).

# Tokenizing Personal Posessions

Users can unlock the value in their personal posessions (cars, devices, clothes, etc.) by tokenizing them and using those tokens as collateral to borrow money, as status symbol, trustbounty collaterals, etc.

The process of personal posession (PP) tokenization consists in the auditor taking posession of the user's PP and in exchange mint him/her an NFT representing the PP. The PP is stored and kept by the auditor to be given back to whomever claim it back. To claim a stored PP, you need its NFT token.

To deploy your Personal Posession Auditor contract, follow the guide on the page below:

{% content-ref url="/pages/Ox8Z0vjY2N0mCMTslytO" %}
[Auditors](/products/auditors.md)
{% endcontent-ref %}


---

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