Metadata process, with static and evolving attributes, introduced into tokenization standards

A trading system comprising:

• a processor;
• system memory coupled to the processor and storing instructions configured to cause the processor to:
• access a token representing a partial interest in an asset;
• assign the token a unique token identifier;
• associate the unique token identifier with corresponding token metadata contained in the token, wherein the token metadata includes:
• metadata identifying a class corresponding to the partial interest in the asset, the class selected from among a plurality of classes in a preference structure utilized when minting the token along with one or more other tokens representing partial interests in the asset;
• static metadata storing a baseline intrinsic value of the partial interest in the asset, the baseline intrinsic value assigned when minting the token;
• dynamic metadata storing values of evolvable token attributes including depreciation metadata comprising a per-token depreciation allowance derived from a depreciation schedule for the partial interest in the asset, the depreciation metadata including an original allowance, a used amount, and a remaining amount;
• update and log changes to the values in the dynamic metadata as attributes of the token evolve, including update a value in the depreciation metadata when a holder of the token reports a use or retention of depreciation, and decrement a value of the remaining allowance accordingly;
• update a qualitative token value of the partial interest in the asset, differing from the baseline intrinsic value, based on the updated value in the depreciation metadata;
• publish the qualitative value along with information about the logged changes;
• upon transfer of the token in a transaction, re-assign the remaining depreciation allowance and updating the metadata to reflect the transfer;
• and
• detect a change in an electronic capitalization table between the token and another token representing another partial interest in the asset, the other token included in the one or more tokens, the other token corresponding to a different class from among the plurality of classes in the preference structure;
• track depreciation utilization, wherein depreciation utilization includes:
• (1) using depreciation, wherein the depreciation metadata includes matching baseline intrinsic value and attributes, (2) keeping depreciation, wherein the depreciation metadata includes matching baseline intrinsic value and deviating attributes, and (3) not using depreciation, wherein the baseline intrinsic value and attributes do not change;
• and
• after an intentional lag time, synchronize a secondary ledger with a change to the token metadata previously recorded to a primary ledger using a ledger matching protocol.