The United States is at the forefront of global financial change again. In the future, global assets will face tokenization, and securities are the most likely to take the lead. Americans understand this, but we don’t quite understand it yet, and we need to catch up as soon as possible.
U.S. SEC Commissioner Uyeda: Tokenization of securities can provide "security, transparency and immutability"
On June 16, according to cryptoslate, Mark Uyeda, a member of the U.S. Securities and Exchange Commission, acknowledged that asset tokenization, including the tokenization of securities, has potential benefits. Uyeda said on June 14 that representing asset rights with digital tokens on the blockchain can provide "security, transparency and immutability."
In addition, he said that tokenization eliminates the need for intermediaries, thereby simplifying transactions and reducing transaction costs. Uyeda called tokenization part of a broader technological advancement, noting that "new technologies and innovations may provide further efficiency for our global markets and investors."
Meanwhile, the Bank for International Settlements recently announced that tokenization and central bank digital currencies (CBDCs) are areas of focus for regulators in 2024. Global consulting firm Roland Berger said in October 2023 that the tokenization market, worth $300 billion, could reach $10 trillion by 2030.
In addition, I will teach you another trick:
Click on the yellow currency symbol in the post to buy and sell spot, and click on the rectangular currency price chart to trade contracts, which is very convenient.
