Tokenized Assets on Public Blockchains: How Transparent is the Blockchain?

Matthew Liu, Nolan Ly, Kurtis Orr, Amber Seira, Zach Vida, Cy Watsky and Lawrence Wu

No 2024-04-03, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: With the proliferation of programmable blockchains with smart contract capabilities, new blockchain technology use cases have emerged that involve the tokenization of conventional financial assets and related smart contract-based financial services. While early blockchains like Bitcoin introduced native cryptocurrencies as new asset classes, in recent years, market participants have noted the potential for blockchain and distributed ledger technologies (DLT) to be used to trade tokenized versions of bonds, money funds, and commodities, among other assets (GFMA, 2023, p. 6).

Date: 2024-04-03
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-04-03

DOI: 10.17016/2380-7172.3444

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