Journal article
Floating Liens Over Crypto-in-Commerce
Indiana law journal (Bloomington), Vol.99(1), pp.367-390
01/01/2023
Abstract
Commercial law and crypto are colliding. Against the backdrop of explosive growth (and discord) in the digital asset market, there has been a series of recent revisions to American commercial law aimed at addressing new and emerging technologies. These changes to the Uniform Commercial Code (UCC) are designed to facilitate the buying and selling of digital assets as well as their use as collateral. However, to date, the literature exploring these changes has mainly focused on understanding the basics of the new regime. This Essay moves beyond that baseline by showing how the UCC amendments can be used to structure more complex secured credit arrangements that tap into the borrowed capital potential of blockchain technology. Specifically, this study explains how these recent law reforms-in concert with the inherent capabilities of distributed ledgers, smart contracts, and cryptography-can be used to create a floating lien (the quintessential financing device in American commercial law) over crypto inventory.
Details
- Title: Subtitle
- Floating Liens Over Crypto-in-Commerce
- Creators
- Christopher K. Odinet - Univ Iowa, Coll Law, Iowa City, IA 52242 USAAndrea Tosato - University of Nottingham
- Resource Type
- Journal article
- Publication Details
- Indiana law journal (Bloomington), Vol.99(1), pp.367-390
- Publisher
- Indiana Law Journal
- ISSN
- 0019-6665
- eISSN
- 2169-3218
- Number of pages
- 25
- Language
- English
- Date published
- 01/01/2023
- Academic Unit
- Law Faculty; Finance; Public Policy Center (Archive)
- Record Identifier
- 9984559772502771
Metrics
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