Магистратура
2026/2027
Цифровые финансы
Статус:
Курс по выбору (Корпоративные финансы)
Где читается:
Факультет экономических наук
Когда читается:
2-й курс, 3 модуль
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
3
Контактные часы:
24
Course Syllabus
Abstract
This course is part of the curriculum for the "Corporate Finance" Master's program; it combines up-to-date knowledge regarding the legal framework, technological infrastructure, and practical mechanisms for the issuance and circulation of Digital Financial Assets (DFAs) with an analysis of real-world case studies from leading market participants. Students will explore the principles of asset tokenization, capital-raising models utilizing DFAs, and digital investment and credit instruments, while also learning to evaluate the potential applications of digital financial assets for businesses and investors.
Particular attention is paid to the practical experience of major players in the digital asset market—including Sber, Alfa-Bank, Severstal, and other companies implementing projects in tokenization and digital finance. The program develops competencies in areas such as asset tokenization; interaction among digital financial asset (DFA) market participants; the issuance, placement, and circulation of DFAs; DFA-based investment and credit products; the application of blockchain and smart contracts in the financial sector; and digital asset regulation and risk management.
Students will be prepared for work in the following areas:
• operations in the digital financial asset market;
• investment activities and capital management;
• raising finance;
• digital transformation of the financial sector;
• banking and financial technologies;
• platforms for the issuance and circulation of digital assets;
• consulting in digital finance and blockchain technologies.
Learning Objectives
- To understand the legal foundations of the digital financial assets market;
- Understand the operating principles of blockchain platforms and smart contracts within the digital financial asset (DFA) infrastructure;
- To understand the mechanisms for the issuance, placement, and circulation of digital financial assets;
- To understand the main types of digital financial assets and models for tokenizing real-world assets;
- To understand the characteristics of digital investment and credit instruments;
- To be familiar with approaches to assessing the risks of digital financial products.
Expected Learning Outcomes
- Be able to analyze the feasibility of using digital financial assets (DFAs) to raise financing;
- Ability to assess the investment attractiveness of digital financial asset (DFA) issuances.
- Be able to select an appropriate asset tokenization model;
- Ability to analyze the legal and technological risks associated with digital financial instruments;
- Ability to develop concepts for the issuance of digital financial assets for businesses.
Course Contents
- Introduction to Digital Financial Assets
- DFA market products and instruments
- Smart contracts and the automation of financial processes
Assessment Elements
- Project Assignment 1Selection of the underlying asset. Structuring the issuance parameters. Yield calculation. Preparation of the investment proposal. Project presentation. Analysis of the issuance structure. Investor categories. Legal constraints. Preparation of documentation. Case defense.
- Project Assignment 2.Selection of the underlying asset. Determination of issuance parameters. Yield calculation. Preparation of the investment proposal. Project presentation.
- Final Project 3Valuation of an Investment Digital Financial Asset (DFA). Analysis of issuance parameters. Yield calculation. Credit risk analysis. Construction of an investment profile. Decision-making.
Interim Assessment
- 2026/2027 3rd module0.25 * Project Assignment 2. + 0.25 * Project Assignment 1 + 0.5 * Final Project 3
Bibliography
Recommended Core Bibliography
- Digital finance and the future of the global financial System : disruption and innovation in financial services, , 2023
Recommended Additional Bibliography
- Финансово-правовое регулирование цифровых финансовых активов в Российской Федерации и в зарубежны... : автореф. дис. ... канд. юрид. наук : 12.00.04, Раздорожный, К. Б., 2021