Digitization of the financial market: challenges and opportunities

The article analyzes the evolution and functional transformation offinancial markets caused bydigitalization. The main trends in the development of fintech, new digital assets, trading platforms and technologies are considered. Barriers to the widespread use of digital instruments are identified, including lowliquidity levels, scaling difficulties, and legislative restrictions. An assessment is made of the risks associatedwith the strengthening of the digitalization process, including cyber threats, decentralized exchanges, and vulnerabilities in data storage mechanisms.