Transformation of capital raising mechanisms through corporate asset tokenization instruments

Abstract

Relevance of the study is determined by the transformation of financial markets under the influence of digitalization and the need to identify effective capital raising mechanisms in conditions of increasing competition for investment resources. Limited liquidity of traditional assets, high intermediation costs, and barriers to financing access actualize the use of corporate asset tokenization instruments as an alternative model for capital mobilization.

The purpose of the article is to substantiate the theoretical foundations and develop applied approaches to the transformation of capital raising mechanisms based on the use of corporate asset tokenization instruments.

Methods. The study applies methods of system analysis, generalization and systematization of scientific approaches, comparative analysis of traditional and digital financial instruments, as well as analytical methods to assess the impact of tokenization on capital market parameters.

Results. The economic essence of corporate asset tokenization has been investigated and its role in shaping the digital infrastructure of the capital market has been established. The transformation of capital raising mechanisms towards decentralization, automation, and reduction of transaction costs has been identified. It has been proven that tokenization increases asset liquidity, expands access to investment resources, and optimizes the cost of capital. Key implementation challenges have been identified, including regulatory uncertainty, institutional constraints, technological risks, and underdeveloped secondary markets.

Conclusions. It has been proven that corporate asset tokenization is an effective instrument for transforming capital raising mechanisms, ensuring greater financing flexibility, cost reduction, and expanded investment opportunities for enterprises. It has been established that its effective implementation requires coordinated development of regulatory, institutional, and technological frameworks.

Further research should focus on the development of quantitative models for evaluating tokenization efficiency, analysis of its impact on financial stability of enterprises, improvement of risk assessment methods for digital assets, and exploration of the integration of tokenized instruments into global financial markets.