Description
Book SynopsisBitcoin’s introduction as the first cryptoasset in 2009 ushered in a new era, generating much interest, excitement, and growth. A cryptoasset is a digital asset using blockchain technology to regulate the generation of new units and verify and secure transactions. Besides cryptocurrencies, other major cryptoassets are security tokens and utility tokens.
Cryptoassets are attractive to investors because of potentially high returns and diversification benefits. However, investors entering this market face substantial challenges like the low quality of information, high price volatility, a lack of academically defensible valuation models, and regulatory uncertainty.
This book spans the gamut from theoretical to practical while offering the right balance of detailed and user-friendly coverage. It consists of five parts: (1) the cryptoasset landscape, (2) types of cryptoassets, (3) cryptoassets as investment opportunities, (4) trading, reporting, and technical aspects, and (5) other cryptoasset issues. The book skillfully blends scholars' and practitioners' contributions into a single review of critical topics and issues about cryptoassets. The contributors' varied backgrounds ensure different perspectives and a rich interplay of ideas. The book reflects the latest research and offers a guide to understanding cryptoassets and their role in investment portfolios.
Table of ContentsPart I. The Cryptoasset Landscape
Chapter 1. Cryptoassts: An Overview; H. Kent Baker, Hugo Benedetti, Ehsan Nikbakht, and Sean Stein Smith
Chapter 2. The Cryptoasset Auditing and Accounting Landscape; Sean Stein Smith
Chapter 3. The Crypto Investing Landscape; John Ward
Part II. Types of Cryptoassets
Chapter 4. Cryptocurrencies; Lennart Ante
Chapter 5. Security Tokens; Paul P. Momtaz
Chapter 6. Utility Tokens; Hugo Benedetti, Luis A. Abarzúa, and Christian Caceres
Chapter 7. Stablecoins; Ingo Fiedler and Lennart Ante
Chapter 8. Tokenized Assets and Securities; Hugo Benedetti and Gabriel Rodriguez-Garcia
Part III. Cryptoassets as Investment Opportunities
Chapter 9. A Comparative Review of Cryptoasset Products; Kristin M. Kalish, Kerem Proulx, and Andrew C. Spieler
Chapter 10. Decentralized Finance; Kiran Pandian, Daniel Pfeiffer, and Samson Qian
Chapter 11. Blockchain and Crypto Exchange-Traded Funds; Philip C. Sookram
Chapter 12. Approaches to Cryptocurrency Valuation; Arman Eshraghi
Chapter 13. Cryptoassets in a Portfolio Context; Robinpreet Dhillon and Ehsan Nikbakht
Chapter 14. Protection of Portfolios and Financial Consumers from Cryptoasset Frauds; Ibrahim E. Sancak
Part IV. Trading, Reporting, and Technical Aspects
Chapter 15. General Institutional Considerations of Blockchain and Emerging Applications; Peter C. Earle and David M. Waugh
Chapter 16. Custody, Provenance, and Reporting of Blockchain and Cryptoassets; Rocher Cyrus
Chapter 17. Tokenized and Non-tokenized Assets: Legal Considerations; Brett Cotler
Chapter 18. The Underlying Technology for Cryptoassets; Alevtina Dubovitskaya Ackerer and Damien Ackerer
Chapter 19. Central Bank Digital Currencies: Opening Pandora’s Box or Paving the Future of Money; Dimitrios Salampasis, Patrick Schueffel, Russell Dominic, and Duncan Cameron
Part V. Other Cryptoasset Issues
Chapter 20. Trade Settlements; Hugo Benedetti, Ehsan Nikbakht, and Giga Zukhubaia
Chapter 21. A Closer Look into Decentralized Finance; Hugo Benedetti and Sebastián Labbé
Chapter 22. Cryptocurrency Exchanges and the Future of Cryptoassets; Antonio Brasse and Samuel Hyun
