Transforming Capital Markets by means of Financial Digital Assets
Transforming Capital Markets by means of Financial Digital Assets
Author(s): Andrei-Dragoş PopescuSubject(s): Financial Markets, ICT Information and Communications Technologies
Published by: Editura Universitaria Craiova
Keywords: Capital Markets; Digital Assets; Securities; FinTech; Blockchain;
Summary/Abstract: Digital technologies are deeply embedded into the daily activity of every capital markets professional. They have transformed the sales and trading business over time and will continue to improve it. The Digital Asset ecosystem has developed significantly since the advent of Bitcoin over a decade ago. Beyond cryptocurrencies, blockchain technology is going to have a revolutionizing impact on financial services, including Capital Markets. The Global Capital Markets including equities and bonds was valued at $177.5 Trillion at the end of 2019 according to research by SIFMA. These markets, in essence, represent data, and the benefits of transferring data on a blockchain include accessibility, liquidity, and transparency. The attributes of financial digital assets and how they will transform capital markets will be addressed in paper, focusing on how Blockchain and Distributed Ledger Technology (DLT) can fundamentally change the way financial institutions are exchanging value and building market infrastructure.
Journal: Revista de Științe Politice. Revue des Sciences Politiques
- Issue Year: 2020
- Issue No: 68
- Page Range: 108-119
- Page Count: 12
- Language: English