The textbook is devoted to the theory and practice of digitalization of the financial industry in the Russian Federation and abroad. The essential features of digital finance are considered in the context of the classical theory of finance, money, and risk management; the relationship between economic categories and market processes; new trends in digital financial development. The directions and mechanisms of digital transformation of technologies, services, client programs, business models of financial institutions in various segments of the financial market and the public administration sector are disclosed. The general and specific risks of participants in the digital financial market have been identified. The key provisions of Russian and international legislation in the field of digital finance, directions and tools of regulatory and supervisory practices of the Bank of Russia and international financial organizations on digitalization of the financial market are outlined. It includes a methodological package for students — control questions, tests and tasks for independent work, as well as a glossary and lists of recommended and used literature. Meets the requirements of the federal state educational standards of higher education of the latest generation. For undergraduate and graduate students studying in the fields of Economics, Finance and Credit, World Economy, as well as graduate students, university professors.