Characteristics of the digital asset market evolution

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Abstract

Nowadays, a physical asset is increasingly being integrated into the digital environment, creating a large amount of information during its life cycle, which is used to improve the management of processes at the stage of its use. The financial industry can be seen as at the forefront of a far-reaching evolution in which assets are tokenized and exchanged among themselves, potentially causing significant structural changes in business and the economy. The term “digital asset” carries many technological and financial connotations that have formed in a very short time compared to other asset classes. With new technologies, new challenges arise, especially regarding legal obligations in the conduct of transactions and the storage of digital assets. The article considers approaches to determining the essential characteristics of digital assets and their difference from traditional ones.The authors identify the main stakeholders in the management system and provide a forecast for the development of the digital assets market in Russia. The presented results may be useful to potential investors and representatives of private business.Acknowledgments:The article was prepared based on the results of research carried out at the expense of budgetary funds under the state assignment of the Financial University.

About the authors

Olga Evgenevna Ustinova

The Financial University under the Government of the Russian Federation

Email: olga.e.ustinova@yandex.ru
доцент Департамента стратегического и инновационного развития Факультета «Высшая школа управления», кандидат экономических наук

Tatiana Borisovna Izzuka

The Financial University under the Government of the Russian Federation

Email: tbizzuka@fa.ru
доцент Департамента бизнес-аналитики Факультета налогов, аудита и бизнес-анализа, кандидат экономических наук

Svetlana Nikolaevna Milovidova

The Financial University under the Government of the Russian Federation

Email: snmilovidova@fa.ru
доцент Департамента бизнес-аналитики Факультета налогов, аудита и бизнес-анализа, кандидат экономических наук

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Copyright (c) 2023 Ustinova O.E., Izzuka T.B., Milovidova S.N.

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