As an investment author with a non-professional background, I feel nervous and uncomfortable writing articles every day. It is clear that relying on piecemeal knowledge will not go far. Relying on a sudden inspiration to code words will not make it happen. The desire is a bit big and I want to be a character. Fertilizing the token economy in the future. After much deliberation, I can't avoid the hard work I deserve.

Starting from today, I will lay the foundation from scratch like a primary school student and supplement the basic knowledge of economics.

Don’t know where to start. It was already 11:40 when I made up my mind, and daily contestants could not tolerate too much entanglement. Let’s write about commodity securitization first. I just read a related article a few days ago and I’m still in high spirits. Check out additional information and try to talk.

Self-taught without a teacher, welcome to correct me. If I find something inappropriate in the article in the future, I will rewrite it. I don’t ask for three or two weeks to show my ability in front of others, but I ask that every day I write another chapter will not be wasted.

Readers who are interested can follow me all the way, which will also save you some study time.

The first part is the basic concept of commodity securitization.

Commodity securitization refers to giving financial attributes to commodities and transforming them into marketable securities. This gives the commodity an investment attribute, creating an asset form that can not only hold the corresponding physical share, but also realize the held share of the commodity through transactions.

Part 2, the common implementation process of commodity securitization.

The most common thing is to issue delivery coupons for this product and design a closed loop from circulation to final recycling. Pickup codes and redemption coupons can all fall into this category.

Let’s talk about which types of commodities are suitable for securitization:

The first category is commodities whose supply or demand cannot be released evenly and where delivery is obviously inconvenient, such as hairy crabs. Take hairy crabs as an example. There is a saying in the industry that they are paper crabs.

The gameplay is like this: the dealer collects coupons for 300 yuan, sells them for 400 yuan, and earns 100 yuan; the gift recipient sells them for 250 yuan, and earns 250 yuan; the ticket seller collects them for 250 yuan, and sells them for 300 yuan. Earn 50 yuan. In this round, a piece of paper crab earned everyone 400 yuan.

According to statistics, the annual scrap rate of paper crabs is about 5%. In recent years, the cost-free industry benefits generated by this part can reach around 500 million.

The second category is a commodity whose spiritual value is far greater than its actual value. As long as most people have trust and knowledge, they don’t care whether they actually master it or not. The most typical example is paper gold. The essence of paper gold is a certificate of possession of gold. Through "securitization", gold traders do not need to deliver and store physical gold themselves.

It should be emphasized that trading paper gold is not a virtual transaction. When we buy and sell paper gold, the bank also buys and sells it on the exchange at the same time, but there is no need to pick up the goods. If it were just a paper transaction, it would be a bet between us and the bank on whether gold would appreciate or depreciate.

Cryptocurrencies traded on centralized exchanges are also a kind of "paper gold".

The third part is an intersection concept of commodity securitization - asset securitization.

The so-called asset securitization is to turn assets into securities and then trade them. ?

The difference between commodity securitization and asset securitization is that the assets have gains from asset trading appreciation, and there may also be business profits attached to the assets. Commodity securitization can only realize transaction appreciation of the commodity itself and does not generate profits. ?Asset transactions can also bring about changes in rights. Commodity trading cannot cut off the rights to commodities. Holding 100% of the product is equivalent to ownership.

A simple case of asset securitization: the bank lends 1 million to the lender. The 1.2 million will be repaid with interest in 20 years. At this time, it is equivalent to the bank owning 1.2 million bonds. Banks can securitize the money if they want it back quickly. For example, make a product priced at 1.1 million. Someone will buy the bond because of the price difference. This process is also the securitization of bonds (assets).

Part 4: What value does commodity securitization bring?

1 Improved the efficiency of commodity circulation. Since commodities become an accounting asset after securitization, they not only save storage costs for consumers or investors, but also provide convenience for transactions and transfers. Especially in the Internet era, you can easily operate with a mobile phone and a pick-up code.

2 The securitization of commodities allows more people to purchase and store commodities conveniently, thereby creating a larger market. Eliminate liquidity risks for some producers. It has the value of encouraging production and consumption.

Part 5: Continue to think about whether the token economy is a new extension of commodity securitization.

During the learning process, I thought that the token economy is actually a combination of commodity securitization and asset securitization. Enjoy all the liquidity advantages and storage advantages of securitization. And be more open and transparent. Asset granularity can be broken down into smaller pieces.

I see that there are many and mature attempts at commodity securitization internationally, while China started late in this regard. Even basic agricultural futures are in their infancy. No wonder governments are wary of blockchain.

Feeling that financial means can create profits quickly and the profit rate is higher than that of the real economy, I have a hunch that in the future all industries will develop into the financial industry because of the token economy.

Production creates use value, and finance creates intellectual value and profits.

Thank you for taking the time to read, and constructive comments are welcome.