A fractional asset is a generatlization of the concept of partial ownership, such as securities, partnerships, or any other similar concept. A fractional asset object provides a mechanism to manage the ownership of the underlying asset object, which is assumed to be non-fractional in and of itself. As a simple example, might be a work of art. The art itself is represented by an asset object. Ownership of the asset object can be a fractional asset object, which in turn enables fractional ownership by multiple entities (i.e. accounts). The underlying mechanism for this is the generalization of object references which is part of the XBOM.