Abstract

The rationale behind this research is to demonstrate the tokenization effects of blockchain on all types of assets and how blockchain technology might improve the way we view digital exchange and use digital money. The finance industry is progressing towards innovative solutions, capable of dealing with traditional problems and increasing efficiency, sustainability and accountability. This progression may also address market failures within the economy. In our conceptual chapter, we provide a short discussion of the decentralization of finance and where we are today. We begin with the fundamentals of money and the evolution of cryptocurrency issuance from ICOs to STOs and then to stablecoins like CBDCs. We then examine the concept of tokenizing various types of assets and deliberate on a conceptualization of a tokenized capital markets trading platform. To clarify tokenization and its benefits, we provide an example of the tokenization concept for agriculture and livestock in raising capital for small farms. Finally, we conclude with discussions on concerns for privacy and security, which emphasizes self-governance, self-regulation and cybersecurity measures.

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