A verb for transforming something into currency

I need a verb that expresses the concept of transforming a raw material into currency, as in this sentence "The bitcoin manufacturing process currenciates digital information."

New coinages are fine if they make sense and are less clumsy than the one I used above, but an existing term would be preferred. I've considered the word mint but that seems to relate more to the final product than the raw material -- in other words, you mint coins (the finished product), you don't mint gold (the raw material).

Monetize to coin into money; also : to establish as legal tender

In addition to monetizing, which is excellent and correct, I would suggest some alternatives. If you wish to carry forward the metaphor inherent to Bitcoin (that it is a digital coin made of bits) you could go with the following:

The act of making coins from metal is coining or minting

Early coins were either cast or struck. Casting was done by pouring molten metal into molds.

Other coins were struck with coin dies made by professional engravers. A planchet or flan (a coin blank) was placed on to the coin die for the front of the coin, and a hammer with the rear die was used to strike the planchet to create a coin with separate images on both sides.

Over time, advances in technology improved these techniques. Screw presses, mills, steam pressers, and eventually electric roll presses have been employed.