Browse by author
Lookup NU author(s): Dr Ying ZhangORCiD
This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
This paper presents a thorough examination of centralized use of a decentralized technology (blockchain) in monetary and financial systems at the national level. A comparative study is conducted to summarize the regulatory and legislative frameworks of currency/asset tokenization in seven major economies (US, EU, UK, Switzerland, Australia, Japan, and South Korea). China is then used as a case study to explore how blockchain technology is adopted to enable central bank digital currency, bond tokenization, and “currency bridge”. Based on various contexts analyzed, we extend the Technology Acceptance Model, highlighting the roles of perceived benefits, perceived risks, and collaborative leadership in building trust in and promoting adoption of tokenization. Policymakers and practitioners are recommended to follow a gradual, eclectic, and collaborative approach to tokenization.
Author(s): Zhang Y, Gong B, Zhou P
Publication type: Article
Publication status: Published
Journal: Structural Change and Economic Dynamics
Year: 2024
Volume: 71
Pages: 15-25
Print publication date: 01/12/2024
Online publication date: 18/06/2024
Acceptance date: 17/06/2024
Date deposited: 06/11/2025
ISSN (print): 0954-349X
ISSN (electronic): 1873-6017
Publisher: Elsevier BV
URL: https://doi.org/10.1016/j.strueco.2024.06.006
DOI: 10.1016/j.strueco.2024.06.006
Data Access Statement: Data will be made available on request.
Altmetrics provided by Altmetric
