Cashflow on the #blockchain Part III: Reimagining Debt with Security Tokens
▻https://hackernoon.com/cashflow-on-the-blockchain-part-iii-reimagining-debt-with-security-token
This is the third and final part of an essay focused on security tokens for debt instruments. The first part covered some of the fundamental benefits of debt-based security tokens while the second part outlined the key principles of a protocol for tokenized debt. In this part, I would like to focus on how debt crypto-securities can help us reimagining traditional debt vehicles or even create new forms of debt products that are nearly impossible to build in the current financial infrastructure.The magic of crypto-securities goes beyond the creation of on-chain, digital wrappers for existing asset classes and allow us to create new security instruments that are not possible within the constraints of existing financial processes. The combination of cashflow and underlying assets, makes (...)