Tokenized index funds: A blockchain-based concept and a multidisciplinary research framework |
| |
| Institution: | 1. Queensland University of Technology (QUT), Brisbane, QLD, Australia;2. Smart Trade Networks Ltd, Brisbane, QLD, Australia;3. Future Food Systems CRC, Sydney, NSW, Australia |
| |
| Abstract: | In response to the bleak prospects of today’s financial markets, a wave of financial and technological innovations emerges, bringing about potential benefits but also new challenges. For instance, tokenized securities are a new kind of blockchain-based asset enabling price stability, programmability, pseudonymity, and transaction efficiency, while also introducing new regulatory challenges and uncertainties. Conversely, index funds are an established investment device enabling broad diversification in a cost-effective, tax-efficient, and transparent way, while potentially also contributing to concentration of market power, intermediation cost, access barriers for underbanked or impoverished investors, increased market volatility, and human behavioral challenges. This paper conceptually develops Tokenized Index Funds as a hybrid approach that combines the benefits of tokenized securities and index funds while alleviating some of their drawbacks. Based thereupon, a corresponding multidisciplinary research framework is presented, with sample research questions along the activities of design and features, business and economics, management and organization, and law and regulation. |
| |
| Keywords: | Blockchain Index funds Tokenized securities Stablecoins Finance Investing |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
