This paper demonstrates the use of blockchain technology in asset-backed securitization (ABS) and presents Quicktoken, a blockchain platform for ABS. Financial institutions can use Quicktoken to assign a correspondence between initial assets and securities, deploy smart contracts for securities issuance, and store the correspondence between assets and non fungible tokens (NFTs) on the blockchain. Investors can buy, sell, and get dividends upon securities redeem via an Android application, while all transactions are secured by the blockchain. The paper highlights the advantages of blockchain usage in ABS, such as a diversification without a loss of auditability.