Search

When securitisation meets blockchain

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20220007436
003  MAP
005  20220308093251.0
008  220307s2022 gbr|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎922.135
24510‎$a‎When securitisation meets blockchain‎$c‎Benjamin Cooper... [et.al]
260  ‎$a‎London‎$b‎Willis Towers Watson, Thinking Ahead Institute‎$c‎2022
300  ‎$a‎20 p.
520  ‎$a‎Blockchain is a record-keeping technology based on a distributed - as opposed to centralised - ledger. The goal of blockchain is to allow digital information to be recorded and distributed, but not edited, creating an immutable data record. Counterparties of economic and financial transactions can therefore trust each other's digital records without relying on intermediaries (eg have an auditor to validate your business accounts) to establish trustworthiness first. As a result, the cost of building trust is reduced substantially. When transactions are dis-intermediated, what is currently prohibitively expensive can become economically feasible, eg an initial public offering for a small business. Therefore, more assets can, and will, be issued and securitised. Reduced market friction is expected to expand investors' opportunity set into what is currently private and illiquid. All investors, including retail and DC investors, could potentially easily own and trade a fraction of Leonardo da Vinci's Salvator Mundi, last sold for an eyewatering US$450m in 2017. While the future path is still very uncertain, investors should consider building a reliable information channel to monitor the creation of new tokenised assets. Investors might also want to debate whether blockchain technology itself presents an investment opportunity and whether they can build successful investment strategies via those companies that look to monetise it.
650 4‎$0‎MAPA20160009583‎$a‎Blockchain
650 4‎$0‎MAPA20080586546‎$a‎Nuevas tecnologías
650 4‎$0‎MAPA20080618667‎$a‎Transacciones comerciales
650 4‎$0‎MAPA20080546991‎$a‎Empresas
7001 ‎$0‎MAPA20220002318‎$a‎Cooper, Benjamin
7102 ‎$0‎MAPA20190012621‎$a‎Willis Towers Watson‎$b‎Thinking Ahead Institute