{"product_id":"digital-finance-isbn-9781119756309","title":"Digital Finance","description":"\u003cp\u003e\u003cb\u003eExplores how the financial industry will be affected by developments in blockchain and cryptocurrencies at the dawn of a new digital age in finance  \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOur financial system is in the midst of a digital revolution. Blockchain, viewed by many experts as “the most important invention since the Internet,” has changed the way we exchange value and information. Although most people are aware of Bitcoin and other cryptocurrencies, few understand how security tokens—digitized forms of traditional ownership certificates—can drive blockchain to reach its fullest potential by offering investors features and innovations that are simply not possible with paper certificates. \u003c\/p\u003e \u003cp\u003e\u003ci\u003eDigital Finance: Security Tokens and Unlocking the Real Potential of Blockchain\u003c\/i\u003e explains how the integration of blockchain and security token technology will transform the current financial infrastructure and radically improve efficiency, transparency, and security. Using clear language and an easy-to-follow framework, author Baxter Hines draws upon his decades’ experience in the financial industry to address how the digitization of assets will drive cost reductions, enhance flexibility, and pave the way for new business models and revenue streams for years to come. Filled with real-world case studies and expert insights on the latest opportunities and trends, such as the COVID-19 pandemic’s role in accelerating the adoption of blockchain, this must-have resource: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eShows how blockchain and distributed ledger technology are disrupting the financial industry \u003c\/li\u003e \u003cli\u003eExplains what security tokens are and why they are the next major breakthrough for investing  \u003c\/li\u003e \u003cli\u003eHighlights how blockchain technology has created new and more efficient ways of fund raising and investing \u003c\/li\u003e \u003cli\u003eIdentifies the ways companies like IBM, Fidelity Investments, and AXA are deploying blockchain and tokenized solutions \u003c\/li\u003e \u003cli\u003eDescribes how assets only available to institutional investors could become marketed to the mainstream \u003c\/li\u003e \u003cli\u003eDiscusses the impact that security tokens will have on real assets such as stocks, real estate, bonds, and derivatives \u003c\/li\u003e \u003cli\u003eProvides insight into how central banks around the world are embracing blockchain and beginning to issue digital currencies \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eDigital Finance: Security Tokens and Unlocking the Real Potential of Blockchain\u003c\/i\u003e is essential reading for financial professionals, general investors, finance and technology students, regulators, legal professionals, and users of cryptocurrency and blockchain technology. \u003c\/p\u003e \u003cp\u003eDisclaimer Notice ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Magic Ledger\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Blockchain Basics 13\u003c\/p\u003e \u003cp\u003eChapter 2 Fundamentals of a Security Token 37\u003c\/p\u003e \u003cp\u003eChapter 3 What Types of Assets May Be Tokenized? 47\u003c\/p\u003e \u003cp\u003eChapter 4 Security Tokens Will Massively Disrupt and Vastly Improve Markets 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Creating the Digital Wrapper\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Key Features of a Security Token 73\u003c\/p\u003e \u003cp\u003eChapter 6 The Security Token Ecosystem 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Realizing the Potential of Security Tokens\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Regulation of Digital Assets 89\u003c\/p\u003e \u003cp\u003eChapter 8 Markets for Digital Assets \u0026amp; Security Tokens 103\u003c\/p\u003e \u003cp\u003eChapter 9 “DeFi”: eLending and the Future of Getting a Loan 117\u003c\/p\u003e \u003cp\u003eChapter 10 Digital Adoption 129\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 145\u003c\/p\u003e \u003cp\u003eNotes 159\u003c\/p\u003e \u003cp\u003eAdditional Resources 175\u003c\/p\u003e \u003cp\u003eAbout the Author 179\u003c\/p\u003e \u003cp\u003eIndex 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBAXTER HINES\u003c\/b\u003e, CFA, is Managing Partner and Co-founder of Honeycomb Digital Investments. He manages portfolios consisting of traditional assets, security tokens, and digital assets. He was formerly the managing director and portfolio manager at NFJ Investment Group, a subsidiary of Allianz Global Investors.\u003c\/p\u003e  \u003cp\u003e\u003ci\u003eDigital Finance: Security Tokens and Unlocking the Real Potential of Blockchain\u003c\/i\u003e gives readers a fascinating and comprehensive look at how security tokens will be the next major milestone in the digital revolution. You'll learn about how these digitized forms of traditional ownership certificates will have momentous ramifications for mainstream assets like stocks, real estate, bonds, intellectual property, and derivatives. \u003c\/p\u003e\u003cp\u003eDiscover how security tokens offer capabilities, features, and innovations that are simply impossible with hard-copy certificates. Author Baxter Hines shows you how these riveting new digital tools combine world-class investor protections with supreme flexibility, exciting financial and technological professionals around the world. \u003c\/p\u003e\u003cp\u003eThe ideas presented in this book demonstrate how the digitization of assets will challenge and change the methods by which companies raise capital, opening up the process to a wider range of people and geographies. New investment ideas, many of which would have seemed impossible before, will arise. \u003c\/p\u003e\u003cp\u003eWritten in a straightforward and jargon-free way but lacking none of the rigor and data you'd expect to find in an industry-leading resource, \u003ci\u003eDigital Finance\u003c\/i\u003e explains exciting new digital developments in a way that anyone can understand. You'll learn a clear and concise framework for understanding security tokens and digital investments. \u003c\/p\u003e\u003cp\u003eThis book specifically discusses how the financial industry will be affected by the rapid growth of blockchain technologies and digital assets. With decades of experience in the financial industry, the author is uniquely placed to provide incisive commentary on the likely effects of the digital financial revolution. \u003c\/p\u003e\u003cp\u003ePerfect for anyone interested in how digital assets like security tokens can and will impact the financial industry, \u003ci\u003eDigital Finance\u003c\/i\u003e belongs on the bookshelves of technology and finance enthusiasts and professionals around the world.\t  \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for Digital Finance\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eDigital Finance\u003c\/i\u003e was helpful in articulating questions the reader potentially didn't know they needed to ask. Hines explains complex terms in a way that is digestible for anyone with a basic business background. The conceptual explanations were also concise and intentional, covering just what I wanted to know to have a solid understanding of a tokenized ecosystem and why there may be advantages found in decentralized finance vs. traditional lending.\"\u003cbr\u003e\u003cb\u003e—Kathryn Carlisle,\u003c\/b\u003e Senior Managing Director, Blockchain Center for Excellence, University of Arkansas\u003c\/p\u003e \u003cp\u003e\"Baxter does a terrific job explaining the revolutionary technologies that are affecting the financial industry and shows just how transformational those will be in the coming wave of digital finance. This book is a must for those who want a better understanding of how blockchain is going to improve the financial industry.\"\u003cbr\u003e\u003cb\u003e—Jake Ryan\u003c\/b\u003e, author, \u003ci\u003eCrypto Asset Investing in the Age of Autonomy\u003c\/i\u003e; CIO, Tradecraft Capital\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eDigital Finance\u003c\/i\u003e provides a comprehensive review of the security token marketplace and provides a powerful vision of what to expect in the coming years as blockchain transforms finance. The chapter on DeFi points to a massive emerging market as the transaction efficiency of security tokens meets the scale and transparency of DeFi self-processing assets—the true antidote to prevent a repeat of the 2008 Global Financial Crisis. This book is perfect for the blockchain novice or expert with straightforward examples to support a thorough analysis of the rapidly evolving digital finance market.\"\u003cbr\u003e\u003cb\u003e—Dan Doney,\u003c\/b\u003e Chief Executive Officer, Securrency\u003c\/p\u003e \u003cp\u003e\"Educate yourselves on the future of finance! Digital tokenization of securities is bringing in new investors and issuers, democratizing access to capital. Baxter's book is a must-read for anyone who wants to get ahead of the curve.\"\u003cbr\u003e\u003cb\u003e—Spencer Dinwiddie,\u003c\/b\u003e NBA All-Star; Founder, DREAM Fan Shares\u003c\/p\u003e \u003cp\u003e\"Don't let complicated words like blockchain and tokens prevent you from learning about the future of finance. Capital markets are being transformed right before our eyes, and Baxter details exactly how that is happening on a molecular level.\"\u003cbr\u003e\u003cb\u003e—Kyle Sonlin\u003c\/b\u003e, host, \u003ci\u003eThe Security Token Show\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989065449701,"sku":"NP9781119756309","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119756309.jpg?v=1761782650","url":"https:\/\/k12savings.com\/es\/products\/digital-finance-isbn-9781119756309","provider":"K12savings","version":"1.0","type":"link"}