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Home / Journals / Scientific Research and Development. Economics of the Firm / Volume 13 Issue 3 / Categorical Definition of the Digital Financial Assets Market in the Context of Comparative Analysis with the Traditional Financial Market
Categorical Definition of the Digital Financial Assets Market in the Context of Comparative Analysis with the Traditional Financial Market
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CATEGORICAL DEFINITION OF THE DIGITAL FINANCIAL ASSETS MARKET IN THE CONTEXT OF COMPARATIVE ANALYSIS WITH THE TRADITIONAL FINANCIAL MARKET
UDK 336 Финансы. Банковское дело. Деньги и денежное обращение
Ahmatova D. R. 1
Authors:
1.  Plekhanov Russian University of Economics

Type:
Article
DOI:
https://doi.org/10.12737/2306-627X-2024-13-3-62-70
Pages:
from 62 to 70
Status:
Published
Received:
01.08.2024
Accepted:
02.08.2024
Published:
27.09.2024
Subject area:
UDK 336 Финансы. Банковское дело. Деньги и денежное обращение
Language:
Russian
Keywords:
digital financial assets, financial market, blockchain, smart contracts, bonds, capital market, financial technologies, innovation
Abstract and keywords
Abstract (English):
The article introduces for the first time the definition of the "digital financial assets market" based on a functional approach. The author conducts a comparative analysis of the traditional financial market and the digital financial assets (DFA) market, which demonstrates fundamental differences in the structure, issuance process, and transaction costs. The article examines key aspects, including market structure and issuance process, investor classification, tax and accounting treatment, as well as risks. The methodological tools of the study are comparative analysis. It is shown for the first time that the use of blockchain technology in DFAs allows for a significant reduction in costs and acceleration of capital raising processes compared to traditional financial instruments. The author identifies the advantages and limitations of the DFA market.

Keywords:
digital financial assets, financial market, blockchain, smart contracts, bonds, capital market, financial technologies, innovation
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References

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