Digital Finance : Security Tokens and Unlocking the Real Potential of Blockchain

Cover -- Title Page -- Copyright -- Contents -- Disclaimer Notice: -- Acknowledgments -- Preface -- Introduction -- PART I The Magic Ledger -- CHAPTER 1 Blockchain Basics -- What Is Blockchain? -- Foundational Elements of Blockchain -- Distributed Ledger Technology -- Building a Blockchain -- Creating a Blockchain Transaction -- Tampering with a Blockchain -- Smart Contracts -- Oracles -- The Characteristics and Benefits of Blockchain -- What Differentiates One Blockchain Platform from Another? -- Chapter Summary -- CHAPTER 2 Fundamentals of a Security Token -- Distinguishing the Types of Digital Assets -- How Security Tokens Came Along -- Tokenizing a Security -- Code Is Law -- Benefits of Tokenization -- Chapter Summary -- CHAPTER 3 What Types of Assets May Be Tokenized? -- The Move Toward Tokens Backed by Assets -- Stablecoins -- Asset‐Backed Tokens -- Fixed Income, Equity, and Funds Tokens -- Industry Trends: Alternative Financing with Security Tokens -- Industry Trends: Unlocking Private Equity Fund Liquidity -- Employee Stock Options -- Chapter Summary -- CHAPTER 4 Security Tokens Will Massively Disrupt and Vastly Improve Markets -- Industry Trends: Lowering the Cost of Money Transfers -- To Tokenize or Not to Tokenize? -- Chapter Summary -- PART II Creating the Digital Wrapper -- CHAPTER 5 Key Features of a Security Token -- Security Administration -- Compliance -- KYC &amp -- AML -- Accounting and Reporting -- Safety Mechanisms -- Chapter Summary -- CHAPTER 6 The Security Token Ecosystem -- Fintech Companies -- Protocols -- Issuance Platforms -- Advisory Services -- The Token Stack: Putting It All Together -- Chapter Summary -- PART III Realizing the Potential of Security Tokens -- CHAPTER 7 Regulation of Digital Assets -- A Regulatory View From 50,000 Feet -- How Regulators Might Respond -- Jurisdictions.