According to the readings and class lectures, which one of the statements is true?

A. Tokenization refers to the creation of the smart contract that will create a token and its features

B. Tokenized CRE securities are not a subset of the tokenized securities ecosystem

C. Identity, Compliance, and AML refer to the removal of the identity of an investors

D. A CRE token could not be traded peer to peer among a set of users that comply with the Identity/Compliance/AML process

E. None of the statements is correct.