Do you know that many institutes including giant ones like Black Rock, Franklin Templeton etc. have been providing to their special clients the Public Securities which are tokenized on smart contract blockchain?
This is helping them to reduce so much paper works and complicated procedures. And look at the summary below, Black Rock has sold a total securities tokens amount worth of $427,016,347 through #Ethereum 🔵 blockchain. You can also see Franklin Templeton has done the same way through #Polygon 🟣 in this summary
The total Market Cap of these Securities Tokens is now at $903.55M, this is not a small amount and these institutes are taking benefits from providing this kind of financial product
Therefore, the SEC is not only facing the pressure to approve $ETH Spot ETF applications from #Crypto industry only, but even Wall Street, those who are in love with this technology
The approvals of ETH Spot ETFs applications are just the matter of time but, the SEC and Chair Gary Gensler better do it soon 😎
