Alternative assets such as mines, power plants, or infrastructure projects are often large, heterogeneous bundles of resources, rights, and outputs whose value is difficult to trade or fractionalize under traditional frameworks. This paper proposes a novel two-tier tokenization architecture to enhance the liquidity and transparency of such complex assets. We introduce the concepts of Element Tokens and Everything Tokens: elemental tokens represent standardized, fully collateralized components of an asset (e.g., outputs, rights, or credits), while an everything token represents the entire asset as a fixed combination of those elements. The architecture enables both fine-grained partial ownership and integrated whole-asset ownership through a system of two-way convertibility. We detail the design and mechanics of this system, including an arbitrage mechanism that keeps the price of the composite token aligned with the net asset value of its constituents. Through illustrative examples in the energy and industrial sectors, we demonstrate that our approach allows previously illiquid, high-value projects to be fractionalized and traded akin to stocks or exchange-traded funds (ETFs). We discuss the benefits for investors and asset owners, such as lower entry barriers, improved price discovery, and flexible financing, as well as the considerations for implementation and regulation.