{"title":"Asset Tokenization and Related Problems","authors":"","doi":"10.1134/s0081543823060081","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>For a number of years, the authors have been working in the sphere of asset tokenization, especially in connection with precious metals. An approach (including algorithms, mathematical models, and software implementation) to the gold reserve management problem has been developed. This approach allows to effectively manage the gold reserve, taking into account the fact that the faster the money is turned over, the less gold is required to ensure the functioning of the financial system. Moreover, the transfer of payments to the online mode dramatically reduces the need for working capital and, hence, the amount of gold required for it. The authors consider the provided algorithms as a very important part of a possible gold-backed settlement system that allows to solve the problem of organizing international payment transactions between countries in their national currencies to avoid the dominance of a single fiat currency. </p>","PeriodicalId":54557,"journal":{"name":"Proceedings of the Steklov Institute of Mathematics","volume":"147 1","pages":""},"PeriodicalIF":0.4000,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the Steklov Institute of Mathematics","FirstCategoryId":"100","ListUrlMain":"https://doi.org/10.1134/s0081543823060081","RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"MATHEMATICS","Score":null,"Total":0}
引用次数: 0
Abstract
For a number of years, the authors have been working in the sphere of asset tokenization, especially in connection with precious metals. An approach (including algorithms, mathematical models, and software implementation) to the gold reserve management problem has been developed. This approach allows to effectively manage the gold reserve, taking into account the fact that the faster the money is turned over, the less gold is required to ensure the functioning of the financial system. Moreover, the transfer of payments to the online mode dramatically reduces the need for working capital and, hence, the amount of gold required for it. The authors consider the provided algorithms as a very important part of a possible gold-backed settlement system that allows to solve the problem of organizing international payment transactions between countries in their national currencies to avoid the dominance of a single fiat currency.
期刊介绍：
Proceedings of the Steklov Institute of Mathematics is a cover-to-cover translation of the Trudy Matematicheskogo Instituta imeni V.A. Steklova of the Russian Academy of Sciences. Each issue ordinarily contains either one book-length article or a collection of articles pertaining to the same topic.
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