TOKENIZATION OF FINANCIAL ASSETS AS AN INNOVATIVE DIRECTION OF FINANCIAL MARKET DEVELOPMENT

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.