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Prof. dr hab. Włodzimierz Szpringer
ORCID: 0000-0003-3874-8906
Prof. dr hab. Włodzimierz Szpringer Researcher at the University of Warsaw (Faculty of Management). Lecturer and expert in banking and banking law, competition policy and law, legal and economic issues of e-business, new technologies regulation, Law & Economics and regulatory impact assessment. He cooperates with the European Association  of Law and Economics. He manager the Polish research group European Network for Better Regulation (ENBR — VI EU Framework Program).
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

Prof. dr hab. Włodzimierz Szpringer

Researcher at the University of Warsaw (Faculty of Management). Lecturer and expert in banking and banking law, competition policy and law, legal and economic issues of e-business, new technologies regulation, Law & Economics and regulatory impact assessment. He cooperates with the European Association  of Law and Economics. He manager the Polish research group European Network for Better Regulation (ENBR — VI EU Framework Program). Author of numerous scientific publications and expert opinions for public authotities.