Transforming the financial industry with asset tokenization

• Autor(a) principal: Taravelli, Simone
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/42222
• topic: FinTech; Cryptocurrencies; Blockchain; Tokenization; Trading; Clearing and settlement; REPO; Criptomoedas; Tokenização; Negociação; Compensação e liquidação; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The adoption of blockchain technology has revolutionized the way assets are owned and transferred, with asset tokenization emerging as an effective method of representing ownership. This research examines the impact of asset tokenization on clearing and settlement, trading, and repo functions in the financial industry. Through a mixed­methods approach that incorporates a systematic literature review and expert interviews, this study presents the potential benefits and limitations of asset tokenization within these specific functions. The key findings of this research suggest that asset tokenization can significantly enhance efficiency, transparency, and liquidity, among other factors. Nonetheless, the study reveals some noteworthy limitations, including regulatory uncertainty, the need for new technical infrastructure, and technological adoption. Furthermore, the research provides valuable insights and recommendations for financial industry stakeholders to effectively address the challenges and opportunities of asset tokenization.