Description: Lecture, three hours. Limited to Master of Quantitative Economics students. Requisite: course 409 or 432. Introduction to financial concepts in cryptocurrency industry. Addresses regulatory issues around crypto currencies with institutional infrastructure that is starting to be built around this space. In-depth exploration of the historical performance and valuation of cryptocurrencies, with analysis of risk associated with the price. Examination of the development of the crypto derivatives market, both with futures and options. Discussion of centralized finance, staking, and decentralized finance space. Introduction of concept of security tokens and tokenization of hard assets and digital assets. Covers emerging field of non-fungible tokens (NFT). Introduction of both asset and wealth management in the blockchain and cryptocurrency space relative to materials covered, including the instructor's field experience. Letter grading.

Units: 4.0