The new rule of law - "Digital Assets"

Written by David Parsons and Antony Abell, founders of TPX™ Property Exchanges in London

As the new asset-based economy starts to become commonplace across the globe, the “digital” rule of law and the enforcement of digital assets property rights tied to legacy assets becomes ever more important. Taxes, adjudication over custodial and non-custodial digital assets are becoming more and more important as digital assets become ubiquitous in all of our daily transactions, from our personal assets to our institutional assets. Let’s explore some of the impact of digital assets on our current legal legacy infrastructure.

Source: TPX

The role of legal infrastructure and rule of law in the use of digital assets as representations of legacy assets (e.g., real estate, debt instruments and their corresponding property rights enforcement) becomes critical for success in this new type of economic activity. It illustrates the perennial link between the essential importance of property rights protection and economic growth. As an example, in one country’s economy, legacy property rights ar…