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U.S. SEC Commissioner: Tokenization of securities can provide "security, transparency, and immutability.

U.S. SEC Commissioner: Tokenization of securities can provide "security, transparency, and immutability.

Bitget2024/06/16 05:57

Mark Uyeda, a member of the U.S. Securities and Exchange Commission, acknowledged that asset tokenization, including securities tokenization, has potential benefits. On June 14th, Uyeda stated that representing property 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 referred to tokenization as part of a broader technological advancement and noted: "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 (CBDC) are areas of focus for regulators in 2024. Global consulting firm Roland Berger stated in October 2023 that by 2030, the $300 billion tokenized market could reach $10 trillion.

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