TUM FinTech

Connecting minds for innovation.

TUM FinTech

TUM FinTech is an interdisciplinary science hub and academic partner for policymakers and the FinTech industry.

News

We inform regularly on activities at the TUM FinTech Center via the newsfeed on LinkedIn.
We also provide an overview of the latest updates here in the News section of our website.

Best Paper Award for TUM FinTech research on the performance of sustainable tokens

The European Business School (EBS) announced on November 15, 2023, that Prof. Momtaz’s joint work with Dr. Sasan Mansouri (House of Finance, Frankfurt) has won a Best Paper Award for their research on Financing Sustainable Entrepreneurship: ESG Measurement, Valuation, and Performance in Token Offerings, published in the Journal of Business Venturing. The paper introduces a machine-learning algorithm that quantifies the ESG properties of tokenized projects, and relates ESG in token offerings to the valuation and performance of these ventures.

First Ph.D. cohort completed “Blockchain Technology & Digital Assets” course at TUM Campus Heilbronn

The first cohort of Web3 Ph.D. students have completed the doctoral seminar on Blockchain Technology & Digital Assets at the TUM Campus Heilbronn in September 2023. The doctoral students listened to a lecture on the foundations of Web3, presented state-of-the-art research, and discussed current business models with numerous guest speakers, such as the team from TRADAR and The B3 Hub.

The Frankfurt Institute for Risk Management (FIRM) supports TUM FinTech cybercrime research

The Frankfurt Institute for Risk Management (FIRM) has provided a research grant to W3RL researchers Prof. Momtaz and Prof. Hornuf (TU Dresden) for conducting a study on cybercrime on the Ethereum blockchain. The project aims to track money flows that can be associated with cybercrime, understand how scams and other types of fraud impact the blockchain behavior of victims, and develop forensic models to catch cybercriminals on the blockchain.

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Publications

We regularly publish our research results in prestigious international journals. An overview of all publications as well as current working and discussion papers can be found in the publications section.

Cybercrime on the Ethereum Blockchain

We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims’ risk-taking and returns. Our difference-in-differences analysis of a sample of victims and...

The Financial and Non-Financial Performance of Token-Based Crowdfunding: Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs

What role does the selection of an investor and the timing of financing play in initial coin offerings (ICOs)? We investigate the operating and financial performance of ventures conducting ICOs with...

Performance Measurement of Crypto Funds

Crypto funds (CFs) are a growing intermediary in cryptocurrency markets. We evaluate CF performance using metrics based on alphas, value at risk, lower partial moments, and maximum drawdown. The...
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