Tokenized Assets and Securities

24 Pages Posted: 10 May 2022 Last revised: 28 May 2022

See all articles by Hugo Benedetti

Hugo Benedetti

ESE Business School - Universidad de los Andes, Chile

Gabriel Rodriguez-Garnica

Universidad Carlos III de Madrid - Department of Business Administration

Date Written: December 15, 2021

Abstract

Tokenization is a relatively new activity in digital finance. The standard features and characteristics of assets and securities can be enhanced by tokenization, a process that creates a blockchain representation of the underlying instrument. Asset and security tokenization produces many benefits. These benefits include reducing issuance and trading costs, lessening dependency on intermediaries, facilitating more liquidity in markets, and providing greater transparency around an asset’s lifecycle for all parties involved. This chapter synthesizes the key characteristics, benefits, processes, tools, and techniques of tokenizing real-world assets. It also provides several examples of current asset-backed token applications to help understand the rapidly growing industry and analyzes future expectations of this new technology.

Keywords: Tokenization, asset-backed tokens, asset tokenization, security tokenization

JEL Classification: G10, G20, G30

Suggested Citation

Benedetti, Hugo E and Rodríguez-Garnica, Gabriel, Tokenized Assets and Securities (December 15, 2021). Available at SSRN: https://ssrn.com/abstract=4069119 or http://dx.doi.org/10.2139/ssrn.4069119

Hugo E Benedetti (Contact Author)

ESE Business School - Universidad de los Andes, Chile ( email )

Av. La Plaza 1905
San Carlos de Apoquindo, Las Condes
Santiago
Chile

Gabriel Rodríguez-Garnica

Universidad Carlos III de Madrid - Department of Business Administration ( email )

CL. de Madrid 126
Madrid, Madrid 28903
Spain

HOME PAGE: http://https://sites.google.com/view/gabrielrodriguezgarnica/

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