Papers Overview
Published Papers
The Token Taxonomy: A Comprehensive Guide to Digital Asset Categories
The blockchain ecosystem uses "tokens" to represent currencies, governance rights, digital art, and real-world assets, but the terminology is confusing. This comprehensive guide establishes a clear taxonomy across fungible tokens, NFTs, governance tokens, utility tokens, security tokens, and stablecoins. Covering Ethereum, Solana, Binance Smart Chain, and Bitcoin with dozens of real-world examples, this paper helps diverse audiences navigate digital assets with confidence.
Stablecoins: From Fundamentals to Systemic Impact
Stablecoins have grown from a niche cryptocurrency tool to a $200+ billion market reshaping global payments, financial inclusion, and monetary policy. This comprehensive paper examines how stablecoins work, their real-world applications across retail payments and DeFi, practical guidance for new users, and the emerging regulatory frameworks shaping adoption worldwide. Essential reading for individuals, businesses, policymakers, and investors navigating the future of digital money.
Research In-Progress
Real-World Assets: What They Are and Why They're Changing Finance
Real estate, treasuries, private credit, commodities: trillions in value locked behind outdated infrastructure. Tokenization is changing that by bringing real-world assets on-chain, unlocking fractional ownership, 24/7 liquidity, and DeFi composability. This paper maps the full RWA landscape, from how tokenization works to the ecosystem of protocols, platforms, and players shaping it, and confronts the challenges that will determine whether this market fulfills its promise.
Navigating RWA Regulation: MiCA, the GENIUS Act, and the Compliance Roadmap
The companion to our Real-World Assets paper. Whether a tokenized asset can be issued, sold and traded turns on the law behind it: how the token is classified, which rules govern it in each market, and what a project must do to stay compliant. This paper examines the EU's MiCA framework and the securities rules beside it, the US approach under the GENIUS Act and federal securities law, and other key jurisdictions, and sets out a step-by-step compliance roadmap for RWA projects, from classification to ongoing reporting, including the token standards built for compliance.