Ask HN: DNS names used as electronic “title”

Attorney here with a question and figure if anyone has seen this concept in the wild a good chance it’s the HN community.

It’s an idea that is admittedly inspired somewhat by “tokenization of real-world assets” which is starting to get discussed a lot in legal circles using blockchain tech.

They idea is actually very appealing to corporate clients, but I think as the HN crowd knows blockchain also carry’s a lot of stigma. I began to wonder, why not replace blockchain tokens with DNS names as title. DNS names are known, understood, and trusted.

It might sound silly and I’m not looking for a “databases already do that” type of answer. Also I know ICANN has some restrictions/rules/policies that might make such a use case impractical, but my question is has it been done before/does someone offer a service using domains as representation of tangible or intangible asset ownership?