Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 4 (70)

Published: 2025.02.22

DOI: 10.37128/2411-4413-2024-4

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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ASSET TOKENIZATION AND ITS IMPACT ON THE TRANSFORMATION OF OWNERSHIP IN THE CONTEXT OF THE FORMATION OF THE DIGITAL ECONOMY

DOI: 10.37128/2411-4413-2024-4-6

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BYTSIURA Yurii – Candidate of Economic Sciences, Associate Professor of the Department of Management and Innovative Technologies of Socio-Cultural Activities, Marketing and Economics, Dragomanov Ukrainian State University (01601, Kyiv, 9, Pirogova St., е-mail: yu.v.bitsura@npu.edu.ua).

Annotation

Asset tokenization is one of the key directions in the development of the digital economy, driving the transformation of the traditional system of ownership and financial relations. The rapid advancement of blockchain technology, the increasing volume of digital assets, and the expansion of decentralized financial platforms necessitate a review of the legal, economic, and technological aspects of ownership. Tokenization simplifies investment processes, enhances asset liquidity, and ensures broader accessibility. However, it also introduces risks such as market fragmentation, legal uncertainty, and the absence of the unified regulatory approaches.

The process of asset tokenization is accompanied by fundamental changes in economic relations. Decentralization of ownership, the expansion of investment mechanisms, and the globalization of financial flows create new opportunities but also pose the challenges for states, companies, and investors. On the one hand, tokenization facilitates transaction processes and increases asset accessibility; on the other hand, it raises concerns about security, regulatory oversight, and fraud risks.

The purpose of the study is to analyze the impact of asset tokenization on ownership transformation in the digital economy, identify the key advantages and risks of this process, and justify the necessity of adapting legal and economic mechanisms to new realities.

It has been substantiated that tokenization promotes the democratization of asset access while simultaneously creating legal uncertainty regarding ownership rights protection. It has been determined that countries with developed financial markets actively adapt their regulatory frameworks to tokenization, whereas in many other nations, this process remains unsystematic. It has been found that asset tokenization enhances market liquidity, reduces transaction costs, and creates new financial instruments for investors. The use of smart contracts ensures transaction automation, minimizing errors and unauthorized changes in ownership transfer processes. The further growth of the tokenized asset market will depend on the implementation of regulatory standards, the improvement of digital platform security, and the development of global strategies for investor legal protection.

Asset tokenization is a promising trend in the development of the digital economy, reshaping traditional approaches to ownership, investment, and financial relations. Its widespread implementation requires clear legal frameworks, adaptation of regulatory standards, and increased trust in blockchain technology. At the same time, tokenization unlocks new opportunities for economic growth but also demands solutions to the challenges related to financial security and regulatory barriers.

Keywords: asset tokenization, digital economy, digital tokens, blockchain, smart contracts, financial technologies, digital asset regulation, ownership transformation

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

History of the journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).