Cryptoassets and Fintech

Abstract

Cryptoassets are a diverse category of digital assets that rely on blockchain technology. They encompass various categories, such as cryptocurrencies, utility tokens, security tokens, tokenized assets and securities, and stablecoins. Cryptocurrencies are decentralized digital units of value that enable secure and transparent transactions. Utility tokens provide access to specific services or products within a blockchain network. Security tokens offer rights and entitlements similar to traditional securities, representing ownership in real-world assets or participation in investment opportunities. Tokenized assets and securities are digital representations of tangible or intangible assets, allowing for fractional ownership and enhanced liquidity. Stablecoins are blockchain-based digital assets designed to maintain a stable value, often pegged to fiat currencies or physical assets. This chapter examines each category's characteristics, benefits, and risks; explores their implementations and current applications in the fintech ecosystem; and discusses relevant regulations and future development opportunities.

Citation

Benedetti, H. and Smith, S.S. (2024), "Cryptoassets and Fintech", Baker, H.K., Filbeck, G. and Black, K. (Ed.) The Emerald Handbook of Fintech, Emerald Publishing Limited, Leeds, pp. 267-281. https://doi.org/10.1108/978-1-83753-608-520241034