This Article offers the first comprehensive analysis of debt tokens, addressing their flaws, potential within the framework of the 2022 amendments to the Uniform Commercial Code, and the socio-economic impacts of widespread adoption.
This Essay shows how the UCC amendments can be used to structure more complex secured credit arrangements that tap into the borrowed capital potential of blockchain technology.
In this Article, we take a more sober look at the tokenization phenomenon and, in doing so, describe what exactly it means when it comes to property rights. What can a purchaser of a token expect? How is a token actually connected to the underlying asset, if at all? What does the law—not the hype—have to say about it?
