Work

Tokenization of Financial Assets as an Innovative Direction of Financial Market Development

Year: 2023

Type: article

Abstract: This article examines the basic principles of applying the technology of tokenization of financial assets, which is gaining popularity in the sectors of business analytics, fintech, e-commerce, and many others, with the aim of transforming capital markets. It considers the types of tokenization and their corresponding characteristics, reveals the algorithm for issuing a tokenized asset, and systematizes the positive and negative consequences of using tokenization in the process of circulation of financial assets in terms of individual subjects of the financial market. On this basis, it identifies restraining factors of the use of tokenization technology and the development of the tokenized financial market as a strategic direction of its development.

Source: Scientific Notes of Ostroh Academy National University Series Economics

DOI: 10.25264/2311-5149-2023-30(58)-22-29

Authors: Yanina Belinska, Svitlana Onyshko, Rostyslav Dyuk

Institution: State Tax University

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

Open Access status: diamond

OpenAlex ID: W4388722239

FWCI: 2.022

Cites: 2

Cited by: 11

Related to: 10