This chapter describes blockchain – an IT tool which has found an innovative use in finance, creating a new, fast-growing segment within FinTech. Blockchain, connected to the field of Distributed Ledger Technology, over the last few years has become a proposed solution for problems ranging from keeping financial records to designing new forms of money. The chapter establishes the foundations for further research by explaining what blockchain is and how it works, describing its characteristic features and weighing them against each other in a SWOT matrix. Following that, a number of proposed and already implemented applications of the technology are presented and discussed. This includes: cryptocurrencies, investment/security tokens and the process of tokenizing other types of real-world assets as well as digital repositories.