Blockchain-Token ALS Funktionelle Wertpapiere
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Blockchain-Token ALS Funktionelle Wertpapiere

Blockchain-Token ALS Funktionelle Wertpapiere


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About the Book

English summary: Blockchain Token as Functional Securities Blockchain-based tokens are used as digital representations of legally significant positions. Unlike most jurisdictions, in German civil securities law rights are generally securitized in a physical document. However, in the relevant legal sphere, tokens are accepted amongst the parties to be decisive for the assertion and transfer of what is represented by the tokens. Practically, they are used like a security. This paper examines how the practical use of tokens fits into Germany civil securities law. German description: Im letzten Jahrzehnt haben Blockchain-basierte Token an Bedeutung gewonnen. Sie werden genutzt, um rechtserhebliche Positionen digital abzubilden, diese geltend zu machen und zu ubertragen. Im relevanten Rechtskreis ist akzeptiert, dass der Token rechtserhebliche Positionen derart unmittelbar darstellt, dass er Tokeninhaber zur Geltendmachung und Ubertragung dieser legitimiert. Praktisch geht die tokenisierte Rechtsposition im Token auf. Vordergrundig unterscheidet sich die Darstellung von rechtserheblichen Positionen in einem Token kaum von der wertpapierrechtlichen Verbriefung von Rechten in einer Urkunde. Im Rahmen dieser Arbeit wird untersucht, wie sich die praktische Nutzung von Token in das zivilrechtliche Wertpapierrecht einfugt. Es sei bereits vorweggenommen, dass Token in einem funktionsgepragten Wertpapierverstandnis eine Daseinsberechtigung haben.


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Product Details
  • ISBN-13: 9783428191307
  • Publisher: Duncker & Humblot
  • Binding: Hardback
  • No of Pages: 323
  • Weight: 595 gr
  • ISBN-10: 3428191307
  • Publisher Date: 30 Aug 2024
  • Language: German
  • Returnable: N


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