TOKENІZATІON OF ASSETS OF AGRІCULTURAL ENTERPRІSES AS AN ІNNOVATІVE MECHANІSM FOR ATTRACTІNG ІNVESTMENTS ІN CONDІTІONS OF ECONOMІC TURBULENCE

Oleksandr Starð†kov and Ruslan Gaponyuk
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Oleksandr Starð†kov: KyÑ–v NatÑ–onal EconomÑ–c UnÑ–versÑ–ty named after Vadym Hetman
Ruslan Gaponyuk: KyÑ–v NatÑ–onal EconomÑ–c UnÑ–versÑ–ty named after Vadym Hetman

Economic Synergy, 2026, issue 2, 240-257

Abstract: The purpose of the article is to substantiate the use of asset-linked tokens (ART) as an innovative tool for attracting investments in the agro-industrial complex of Ukraine in the context of military and macroeconomic instability, which is relevant. The research methodology includes a systematization of approaches to the classification of crypto-assets, a comparative analysis of regulatory norms of the European Union, a financial and economic analysis of token issuance by agricultural enterprises, and modeling of the organizational mechanism for issuing a tokenized asset. The results show that tokenization can transform reserves, biological assets, claims, and future cash flows of an agricultural enterprise into an investment product with formalized reserve coverage, transparent circulation, and wide access to investors. The example of specific enterprises shows that the volume and economic feasibility of the issuance depends on the value and quality of the reserve pool, the cost of alternative bank financing, issuance costs, and legal certainty of investors' rights. The scientific novelty lies in the formation of a conceptual model for the use of asset-linked tokens to attract investments by agricultural enterprises in Ukraine. The practical significance lies in determining the requirements for reserves, information disclosure, audit, custody and phased regulatory launch of such a market.

Keywords: asset tokenization; asset-referenced tokens; ART; agribusiness; investments; digital assets; blockchain; asset reserve pool; investor protection; regulatory policy; MÑ–CA; financing of agricultural enterprises (search for similar items in EconPapers)
JEL-codes: G23 G32 G38 K22 O16 Q14 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:bja:isteus:y:2026:i:2:p:240-257

DOI: 10.53920/ES-2026-2-15

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