Details

Digital Finance

Security Tokens and Unlocking the Real Potential of Blockchain
1. Aufl.

von: Baxter Hines
19,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	23.10.2020
ISBN/EAN:	9781119756323
Sprache:	englisch
Anzahl Seiten:	208

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Beschreibungen

Titelbeschreibung

Explores how the financial industry will be affected by developments in blockchain and cryptocurrencies at the dawn of a new digital age in finance  Our financial system is in the midst of a digital revolution. Blockchain, viewed by many experts as “the most important invention since the Internet,” has changed the way we exchange value and information. Although most people are aware of Bitcoin and other cryptocurrencies, few understand how security tokens—digitized forms of traditional ownership certificates—can drive blockchain to reach its fullest potential by offering investors features and innovations that are simply not possible with paper certificates. Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain explains how the integration of blockchain and security token technology will transform the current financial infrastructure and radically improve efficiency, transparency, and security. Using clear language and an easy-to-follow framework, author Baxter Hines draws upon his decades’ experience in the financial industry to address how the digitization of assets will drive cost reductions, enhance flexibility, and pave the way for new business models and revenue streams for years to come. Filled with real-world case studies and expert insights on the latest opportunities and trends, such as the COVID-19 pandemic’s role in accelerating the adoption of blockchain, this must-have resource: <ul> <li>Shows how blockchain and distributed ledger technology are disrupting the financial industry </li> <li>Explains what security tokens are and why they are the next major breakthrough for investing </li> <li>Highlights how blockchain technology has created new and more efficient ways of fund raising and investing </li> <li>Identifies the ways companies like IBM, Fidelity Investments, and AXA are deploying blockchain and tokenized solutions </li> <li>Describes how assets only available to institutional investors could become marketed to the mainstream </li> <li>Discusses the impact that security tokens will have on real assets such as stocks, real estate, bonds, and derivatives </li> <li>Provides insight into how central banks around the world are embracing blockchain and beginning to issue digital currencies </li> </ul> Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain is essential reading for financial professionals, general investors, finance and technology students, regulators, legal professionals, and users of cryptocurrency and blockchain technology.

Inhaltsverzeichnis

Disclaimer Notice ix Acknowledgments xi Preface xiii Introduction 1 Part I The Magic Ledger Chapter 1 Blockchain Basics 13 Chapter 2 Fundamentals of a Security Token 37 Chapter 3 What Types of Assets May Be Tokenized? 47 Chapter 4 Security Tokens Will Massively Disrupt and Vastly Improve Markets 61 Part II Creating the Digital Wrapper Chapter 5 Key Features of a Security Token 73 Chapter 6 The Security Token Ecosystem 79 Part III Realizing the Potential of Security Tokens Chapter 7 Regulation of Digital Assets 89 Chapter 8 Markets for Digital Assets & Security Tokens 103 Chapter 9 “DeFi”: eLending and the Future of Getting a Loan 117 Chapter 10 Digital Adoption 129 Concluding Thoughts 145 Notes 159 Additional Resources 175 About the Author 179 Index 181

Autorenportrait

BAXTER HINES, CFA, is Managing Partner and Co-founder of Honeycomb Digital Investments. He manages portfolios consisting of traditional assets, security tokens, and digital assets. He was formerly the managing director and portfolio manager at NFJ Investment Group, a subsidiary of Allianz Global Investors.

Back cover copy

Praise for Digital Finance "Digital Finance was helpful in articulating questions the reader potentially didn't know they needed to ask. Hines explains complex terms in a way that is digestible for anyone with a basic business background. The conceptual explanations were also concise and intentional, covering just what I wanted to know to have a solid understanding of a tokenized ecosystem and why there may be advantages found in decentralized finance vs. traditional lending." —Kathryn Carlisle, Senior Managing Director, Blockchain Center for Excellence, University of Arkansas "Baxter does a terrific job explaining the revolutionary technologies that are affecting the financial industry and shows just how transformational those will be in the coming wave of digital finance. This book is a must for those who want a better understanding of how blockchain is going to improve the financial industry." —Jake Ryan, author, Crypto Asset Investing in the Age of Autonomy; CIO, Tradecraft Capital "Digital Finance provides a comprehensive review of the security token marketplace and provides a powerful vision of what to expect in the coming years as blockchain transforms finance. The chapter on DeFi points to a massive emerging market as the transaction efficiency of security tokens meets the scale and transparency of DeFi self-processing assets—the true antidote to prevent a repeat of the 2008 Global Financial Crisis. This book is perfect for the blockchain novice or expert with straightforward examples to support a thorough analysis of the rapidly evolving digital finance market." —Dan Doney, Chief Executive Officer, Securrency "Educate yourselves on the future of finance! Digital tokenization of securities is bringing in new investors and issuers, democratizing access to capital. Baxter's book is a must-read for anyone who wants to get ahead of the curve." —Spencer Dinwiddie, NBA All-Star; Founder, DREAM Fan Shares "Don't let complicated words like blockchain and tokens prevent you from learning about the future of finance. Capital markets are being transformed right before our eyes, and Baxter details exactly how that is happening on a molecular level." —Kyle Sonlin, host, The Security Token Show