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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Hyo-jeong Lee

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Review Aug 2026

Security Tokens and Financial Innovation: Evidence from the BlackRock USD Institutional Digital Liquidity Fund (BUIDL)

Security tokens are digital representations of securities under capital market regulations that are issued and traded using distributed ledger technology (DLT). Unlike tokens issued through Initial Coin Offerings (ICOs), security tokens are classified as investment products and are therefore subject to securities laws...

Hyo-jeong Lee · 0 citations

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