Tokenization and Artificial Intelligence in Alternatives

Free CAIA Level II lesson in Emerging Topics. 25 min read, ~3,777 words.

Tokenization represents an asset as a blockchain token to bring fractional ownership, faster settlement, and liquidity to illiquid assets, but a security token offering never escapes securities law. Web 3.0 runs on blockchain, smart contracts, oracles, wallets, and DAOs; DeFi stacks five layers (settlement, asset, protocol, application, aggregation). The token...

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