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Dr Katarzyna Niewińska
ORCID: 0000-0002-6503-3458
Dr Katarzyna Niewińska Assistant Professor at the Department of Economic Financial Systems at the Faculty of Management of the University of Warsaw. Since 2018, she has been the head of the FinTech Post-Graduate Management Studies. The first study in this field in Poland. The area of research is related to the subject of: new technologies in finance, market risk management and portfolio management.
DOI: 10.33226/1231-7853.2021.10.2
JEL: K22, G28

The article presents the concept of tokenization and an attempt to assess its market potential. Tokenization — is a form of business digitization based on decentralized blockchain technology. It consists in creating tokens and assigning them to a specific project, company, or person. With the development of blockchain technology and its institutional environment, the tokenization potential is growing thanks to smart contracts, and it will allow to tokenize all kinds of assets while reducing transaction costs. For now, tokenization can be treated as a niche in decentralized finance (DeFi), which, thanks to regulation ensuring efficiency and security, is gradually shifting to the mainstream.

Keywords: blockchain; crypto-assets; tokenization; financial market; smart contracts; decentralized finance

Dr Katarzyna Niewińska

Assistant Professor at the Department of Economic Financial Systems at the Faculty of Management of the University of Warsaw. Since 2018, she has been the head of the FinTech Post-Graduate Management Studies. The first study in this field in Poland. The area of research is related to the subject of: new technologies in finance, market risk management and portfolio management.