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DTSTART:20261025T030000
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UID:calendar.144042.field_date.0@www.tse-fr.eu
DTSTAMP:20260916T032959Z
CREATED:20260908T151001Z
DESCRIPTION:Gilles Chemla (Imperial College\, London)\, “Financial Stabilit
 y Workshop - “Digital Ownership: The Tokenization of Real-World Assets””\,
  Séminaire Banque de France\, September 17\, 2026\, 14:00–15:15\, BDF\, Pa
 ris\, room salle F148.\n\nWe study conditions under which tokenization cre
 ates value for indivisible realworld assets (RWAs). We show that tokenizat
 ion does not create value merely by making an asset transferable\, fractio
 nal\, or digitally scarce. Value arises only when digital ownership record
 s change the economics of ownership by leveraging on asset characteristics
  and past ownership records on the blockchain. This may generate retained 
 value for past owners\, create provenance value for later buyers\, separat
 e usage and financial rights\, support membership benefits through fractio
 nal ownership\, or strengthen post-sale incentives through royalties. Thes
 e forces determine whether tokenized markets are inactive\, thin but infor
 mative\, lemons-like\, or liquid but uninformative. We discuss implication
 s for art and luxury tokens\, private-equity and venture-capital tokens\, 
 real-estate tokens\, tokenized claims on a social enterprise\, and sustain
 able-firm tokens.
DTSTART;TZID=Europe/Paris:20260917T150000
DTEND;TZID=Europe/Paris:20260917T161500
LAST-MODIFIED:20260916T001001Z
LOCATION:September 17\, 2026\, 14:00–15:15\, BDF\, Paris\, room salle F148
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2026-financial-stability-worksh
 op-digital-ownership-tokenization-real-world-assets
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