Abstract
AbstractIn the modern information space, crypto assets are becoming increasingly popular. For example, tokenized stocks, bonds, other securities and financial instruments have become common in investment turnover. In particular, tokenized shares are securities that are represented by special digital algorithms; they are not quite successfully called that associating them with the word “token”. These digital algorithms-codes exist and are accessed only within the framework of blockchain technology. The specified digital code in terms of functionality is a legal substitute for the right to participate in the business of a joint-stock company, or, alternatively, a legal substitute for a monetary claim of a certain person (lender) to another person (borrower). Falsification of a digital token (replacement by some other software algorithm code) is impossible.KeywordsDigital technologiesInvestment turnoverLegal regulationRevolution 4.0TokenBlockchainJEL CodeG18G24K12K15L14L24L86O16
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