The financial metaverse: tokens, derivatives and other synthetic assets

Table of content:
Financial Metaverse: Trading Tokens, Derivatives and Other Digital Twins
Albin Spinner
Pages 1-13
Market Finance
Albin Spinner
Pages 15-61
Synthetic Assets Play a Standardisation Role
Albin Spinner
Pages 63-105
The Economics of Financial Infrastructure
Albin Spinner
Pages 107-143
The Motivations of Synthetic Assets
Albin Spinner
Pages 145-198
Convention for Valuation
Albin Spinner
Pages 199-238
Back Matter
Pages 239-263

[https://link.springer.com/book/10.1007/978-3-031-53915-2]

Derivative trading? That's something for Wall Street types, right? Maybe, but it also affects everyone else in ways that are still little appreciated. Futures traders have paralysed the global trade of nickel, a key component in the battery of your neighbour’s Tesla. For a few minutes one trading day during the pandemic, sellers of crude oil were paying buyers to take the stuff, defying the very notion of trading, in an episode straight out of “Alice in Wonderland”.

Understanding how this obscure corner of finance works (and what happens when it doesn't) is a key pillar of financial literacy today. If you are a financial markets practitioner, everyday investor, academic, regulator, policy maker or kitchen-table economist, you need to know how financial derivatives really work and be aware of the emerging digital innovations that makes this market the highest stake metaverse.

(https://link.springer.com/book/10.1007/978-3-031-53915-2)