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Recent years have seen the emergence of blockchain projects seeking to tokenize an ever-expanding range of assets that are not blockchain-native – the so-called tokenized real world assets (“RWAs”) phenomenon. Tokenized commodities have emerged as one of the most important categories of tokenized RWAs.
This paper will briefly examine the structure and use of tokenized commodities, and their interface with commodities regulation.
When you get change for a twenty at the gas station, you don’t expect that some unknown person has a claim on those bills and coins. When you make an electronic transfer from your checking account to pay a bill, the recipient of the funds expects the same. Parties expect such funds to be free and clear.
The following article is part four of our series on the 2022 Amendments to the UCC. You can find the previous articles here. Our last article explored the amendments to the main definition of “money” in Article 1 of the UCC. We promised to look at the amended money-related definitions in Article 9 in another article. Well, here we go.
When a Trade & Commodity Finance bank makes a secured loan to a commodities trader, the ultimate origin of the collateral is physical commodities. Even if the collateral transforms into intangibles like receivables, forward book or contract rights—it all started out with physical stuff.