Business model of creating digital platform for tokenization of assets on financial markets

International Scientific Conference "Digital Transformation on Manufacturing, Infrastructure and Service"

Davydov, Vasheslav^1 ; Khalilova, Milyausha^2

Moscow Institute of Electronics and Mathematics of NIU HSE, Myasnitskaya str., 20, Moscow

101000, Russia^1

Moscow Financial University at the Government, Leningradsky ave., 49, Moscow

125993, Russia^2

关键词: Business modeling;    Commercial bank;    Credit portfolio;    Digital platforms;    Financial modeling;    Interest rates;    Legal frameworks;    Market participants;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/497/1/012069/pdf
DOI  :  10.1088/1757-899X/497/1/012069

来源: IOP

【 摘 要 】

The article is devoted to the characterization of a business model for creating a digital platform for tokenization of assets on financial markets. The areas of application of tokenization of assets for financial market participants are considered. The legal framework is given, and the financial model using tokenization of the credit portfolio of a commercial bank is described. A method for calculating the interest rate of a package of tokens composed of tokens of various credits as well as an algorithm for calculating the size of a token for a loan with given PD and LGD parameters is given. It is shown that resulting from application of the proposed financial model, the role of banks in the financial market is changing. The bank emerges as the organizer of the P2P lending market from a traditional credit institution. As a result of this transformation the P2P market receives an additional impetus for development, and the bank increases its level of profitability. A comparison of the levels of profitability, liquidity and reliability of the proposed tools with the traditional instruments for attracting and placing funds is made.