DIGITAL FINANCIAL ASSETS AS A DRIVER OF ECONOMIC GROWTH IN UKRAINE DURING REBUILDING
Abstract
The article analyses digital financial assets as a driver of Ukraine’s economic growth in the context of post-war recovery. The aim is to clarify their essence and classification in line with current scientific approaches and global market trends and to substantiate the channels through which these instruments can support reconstruction and long-term modernisation of the Ukrainian economy. The research is based on the systematisation and critical assessment of Ukrainian studies on the nature and legal status of digital financial assets, complemented by the generalisation of international experience with digital instruments in investment, payment and infrastructure projects. Digital financial assets are defined as intangible financial instruments created on the basis of distributed ledger technology that represent monetary, capital or contractual rights in digital form and can be used in financial operations for the transfer, circulation and fixation of value. On this basis, an authorial functional classification is proposed, which distinguishes payment, investment, service, property and infrastructural digital financial assets and links them to specific roles in reconstruction financing and strengthening Ukraine’s financial architecture. Scientific novelty lies in shifting the focus from purely technological or legal interpretations towards understanding digital financial assets as an integrated financial tool for post-war recovery. The article proves their potential to expand access to investment resources through asset tokenisation, digital bonds and crowdfunding and crowdinvesting platforms, as well as to increase transparency and traceability of international assistance flows. The practical significance is manifested in outlining key priorities for public policy and market development – launching a coherent regulatory and tax framework, building infrastructure for issuance and circulation of digital instruments, and improving financial and digital literacy – under which digital financial assets can become a systemic instrument for mobilising internal and external resources and accelerating the structural renewal of Ukraine’s economy.
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