Embodiments are provided for tracking physical transfers of tokenized physical assets. A transferor request to transfer a digital token from a first address associated with the first computing device to a second address associated with a second computing device may be received by a first computing device, where the digital token corresponds to a unique identifier associated with a physical asset. The first computing device communicates the received transferor request including at least a first location parameter, determined by the first computing device based on signals received at a physical location thereof, to at least one node of a distributed ledger network. The first computing device receives a confirmation that the transfer of the digital token is approved based on a determination that a transferee request from the second computing device includes at least a second location parameter corresponding to the physical location of the first computing device.