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Tokenð†Zatð†On Of Assets Of Agrð†Cultural Enterprð†Ses As An ІNnovatð†Ve Mechanð†Sm For Attractð†Ng ІNvestments ІN Condð†Tð†Ons Of Economð†C Turbulence

Author

Listed:
  • Oleksandr STARІKOV

    (KyÑ–v NatÑ–onal EconomÑ–c UnÑ–versÑ–ty named after Vadym Hetman)

  • Ruslan GAPONYUK

    (KyÑ–v NatÑ–onal EconomÑ–c UnÑ–versÑ–ty named after Vadym Hetman)

Abstract

The purpose of the article is to substantiate the use of asset-linked tokens (ART) as an innovative tool for attracting investments in the agro-industrial complex of Ukraine in the context of military and macroeconomic instability, which is relevant. The research methodology includes a systematization of approaches to the classification of crypto-assets, a comparative analysis of regulatory norms of the European Union, a financial and economic analysis of token issuance by agricultural enterprises, and modeling of the organizational mechanism for issuing a tokenized asset. The results show that tokenization can transform reserves, biological assets, claims, and future cash flows of an agricultural enterprise into an investment product with formalized reserve coverage, transparent circulation, and wide access to investors. The example of specific enterprises shows that the volume and economic feasibility of the issuance depends on the value and quality of the reserve pool, the cost of alternative bank financing, issuance costs, and legal certainty of investors' rights. The scientific novelty lies in the formation of a conceptual model for the use of asset-linked tokens to attract investments by agricultural enterprises in Ukraine. The practical significance lies in determining the requirements for reserves, information disclosure, audit, custody and phased regulatory launch of such a market.

Suggested Citation

  • Oleksandr STARІKOV & Ruslan GAPONYUK, 2026. "Tokenð†Zatð†On Of Assets Of Agrð†Cultural Enterprð†Ses As An ІNnovatð†Ve Mechanð†Sm For Attractð†Ng ІNvestments ІN Condð†Tð†Ons Of Economð†C Turbulence," Economic Synergy, Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University, issue 2, pages 240-257.
  • Handle: RePEc:bja:isteus:y:2026:i:2:p:240-257
    DOI: 10.53920/ES-2026-2-15
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    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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