Introduced in 2022 and enacted by 25 states as of today, Article 12 of the Uniform Commercial Code (UCC) governs the perfection and priority of a security interest in digital assets. If you have digital assets or if you're a financial institution conducting secured financings using digital assets, you must listen to this.
01:19 - Introduction and Brief History of the UCC
03:00 - UCC Article 12 in the 2022 Amendment
05:43 - Current Status of the 2022 Amendment
08:54 - Important Issues for Lenders
13:45 - Important Issues for Borrowers
18:06 - Concluding Remarks