The notion of Open assets protocol or «Colored Coins» is associated with the idea that individual satoshis can be «colored» to represent a certain asset using the bitcoin blockchain. (bitcoinist.com)
Unlike other decentralized asset trading platforms, Nasdaq plans to utilize the colored coin protocol Open Assets based on the Bitcoin blockchain instead of developing an alternative blockchain or digital currency. (bitcoinmagazine.com)
Colored coins» open assets protocol operates on top of the Bitcoin protocol, which enables users to mark Bitcoins as tokens for a variety of uses and assets. (bitcoinist.com)