A tokenized security is a familiar instrument on unfamiliar rails. The bond is still a bond and the share is still a share, but the record of ownership sits on a distributed ledger, a transfer can settle in seconds against tokenized cash, a coupon can pay itself from a contract, and safekeeping turns on control of a cryptographic key. Every one of those changes lands on an operations desk.
This course walks the security through its whole life in the order it experiences it: which rules follow it onto the ledger; how it is structured, minted, and placed; how it trades, confirms, and reports; how it settles and what the cash leg is; how it is valued, serviced, and financed; who holds it and what holding means; and how every event upstream lands in the firm's records, reports, and tax filings.
Written at the Foundational level for operations, technology, risk, and product staff at broker-dealers, investment managers, custodian banks, transfer agents, and market infrastructure firms; no prior digital-asset experience is required. Eleven lessons, each with process flows, worked calculations, a case study, and a desk-ready job aid, build to a final integrated case and an optional thirty-question examination. Two running examples carry the arithmetic and four real cases are cited to the public record.
What the Course Covers
1. Foundations of Tokenized Securities
2. The Regulatory Perimeter
3. Issuance and Origination
4. Pre-Trade: Venues, Orders, and the Checks Before a Trade
5. Execution, Confirmation, and Trade Reporting
6. Settlement: Delivery, the Cash Leg, Finality, and Reconciliation
7. Middle-Office Functions and Risk Management
8. Corporate Actions and Asset Servicing
9. Financing and Collateral Uses
10. Custody and Safekeeping
11. Reporting, Accounting, Tax, and Recordkeeping
Subscribers to the Journal may download the full course, including all 11 lessons, 44 quiz questions, and the 30-question final exam.
