Meaning of the word dematerialize in English

What does dematerialize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

dematerialize

UK /ˌdiːməˈtɪəriəlaɪz/

to replace certificates (= paper documents) by a system in which shares, etc. are bought, sold, and stored electronically:

Example:
The investor can dematerialize only those certificates that are already registered in his name.