Lutskevych O. Financial risk management of digital securities circulation

The dissertation deepens the theoretical foundations of financial risk management of digital securities and substantiates scientific and practical recommendations for effective response to them in the introduction of new financial technologies. The economic nature of digital securities is investigated and the content components of the structure of the concept of "digital asset" are highlighted. Theoretical approaches to the essential understanding of financial risk have been systematized and its interpretation regarding digital securities has been further developed. The classification features of the financial risk of digital securities circulation have been interpreted. A procedural mechanism for managing the financial risks of digital securities is presented, which should provide for the application of the following principles: complexity, continuity, consistency, prudence, efficiency, proactiveness and significance. As structural components of the mechanism for managing financial risks of circulation of digital securities, the management, instrumental, information and resource blocks are distinguished. The most important problems were clarified and the main directions of the further development of the securities market were determined by means of building a cognitive map, which made it possible to structure the prerequisites for the development of the domestic stock market in the following areas: ensuring the stability of the development of the securities market; increasing the capitalization of the securities market and developing the exchange infrastructure.