Demo: Non-Fungible Tokens in Asset-Backed Securitization

This paper demonstrates the use of blockchain technology in asset-backed securitization (ABS) and presents Quicktoken, a blockchain platform for ABS. Financial institutions can use Quicktoken to assign a correspondence between initial assets and securities, deploy smart contracts for securities issu...

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Bibliographic Details
Main Authors: Davydov, Vyacheslav, Krymov, Alexander, Ozmaden, Deniz, Pashchenko, Yaroslav, Tenyaev, Alexander, Yanovich, Yury
Format: Conference Proceeding
Language:English
Subjects:
Asset-Backed Securitization
Blockchain
Distributed computing
NFT
Nonfungible tokens
Operating systems
Secure storage
Security
Securization
Smart contract
Smart contracts
Technological innovation
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Summary:This paper demonstrates the use of blockchain technology in asset-backed securitization (ABS) and presents Quicktoken, a blockchain platform for ABS. Financial institutions can use Quicktoken to assign a correspondence between initial assets and securities, deploy smart contracts for securities issuance, and store the correspondence between assets and non fungible tokens (NFTs) on the blockchain. Investors can buy, sell, and get dividends upon securities redeem via an Android application, while all transactions are secured by the blockchain. The paper highlights the advantages of blockchain usage in ABS, such as a diversification without a loss of auditability.
ISSN:2575-8411
DOI:10.1109/ICDCS57875.2023.00114