monetize

verb (used with object), mon·e·tized, mon·e·tiz·ing.

1. to legalize as money.
2. to coin into money: to monetize gold.
3. to give the character of money to.
4. Economics. to convert (a debt, especially the national debt) into currency, especially by issuing government securities or notes.

verb (tr)

1. to establish as the legal tender of a country
2. to give a legal value to (a coin)

v.1880, “put into circulation as money,” from Latin moneta “money” (see money) + -ize. Related: Monetized; monetizing.