Tokenized index funds: A blockchain-based concept and a multidisciplinary research framework

作者：

Highlights：

• Blockchain can help to combine benefits of tokenized securities and index funds.

• Benefits include cost-efficiency, inclusion, automation, transparency, and nudging.

• Tokenized index funds enable predictable volatility and long-term growth.

• Social, economic, technological, and ethical challenges must be considered.

• Open questions concern design, business models, management, and regulation.

摘要

•Blockchain can help to combine benefits of tokenized securities and index funds.•Benefits include cost-efficiency, inclusion, automation, transparency, and nudging.•Tokenized index funds enable predictable volatility and long-term growth.•Social, economic, technological, and ethical challenges must be considered.•Open questions concern design, business models, management, and regulation.

论文关键词：Blockchain,Index funds,Tokenized securities,Stablecoins,Finance,Investing

论文评审过程：Received 13 January 2021, Revised 19 July 2021, Accepted 28 July 2021, Available online 7 August 2021, Version of Record 7 August 2021.

论文官网地址：https://doi.org/10.1016/j.ijinfomgt.2021.102400