## Markets

* Exchanges, centralized and not
* Prediction markets
* Lending
* Derivatives

## Financial system and crypto assets

[The Official Guide To Tokenized Securities. Security Token Offerings will revolutionize the traditional finance world](https://medium.com/@apompliano/the-official-guide-to-tokenized-securities-44e8342bb24f)

Digital securities- why not happened before? [Digital Securities: Unlocking The Cheapest Capital](https://medium.com/@apompliano/digital-securities-unlocking-the-cheapest-capital-27d913e0633d)

Also corporate governance, hedge-fund governance, leaks and lawsuits [Crypto Finance Meets Regular Finance](https://www.bloomberg.com/view/articles/2018-01-24/crypto-finance-meets-regular-finance)

## Custody risk

Are decentralized networks prone to create even more intermediaries counterintuitively? The future is unknown and unknowable, ideologies (libertarians, anarchists, capitalists, etc.) are not realities. Investor rights became remote,read a practical review [Holding, clearing and settling securities through blockchain/distributed ledger technology: creating an efficient system by empowering investors](http://eprints.lse.ac.uk/68792/1/Micheler_Holding,_clearing_and.pdf)