Crypto-assets As A Form Of Collateral

Summary

The rapid growth and widespread adoption of crypto-assets have raised the question of whether they can function as instruments of security within the modern financial environment. Although they do not fall within traditional categories of assets, their classification as intangible assets allows for their functional use as collateral. While the European regulatory framework—particularly MiCAR—enhances their institutional credibility, the absence of specific regulation under Greek law and their price volatility raise legitimate concerns.

Crypto-assets constitute one of the principal applications of distributed ledger technology (DLT). They include traditional cryptocurrencies (such as Bitcoin and Ethereum), stablecoins (which typically peg their value to a single currency—such as USDT and USDC to the US dollar), NFTs (non-fungible tokens), and others.