Related: ‘Everything is lining up’ — Tokenization is having its breakout momentSEC Chair Atkins on RWA tokenizationAt the Securities and Exchange Commission’s (SEC’s) roundtable on May 12, Chair Paul Atkins compared the moving of securities onchain to the transition of songs from analog to digital. “Just as the shift to digital audio revolutionized the music industry, the migration to onchain securities has the potential to remodel aspects of the securities market by enabling entirely new methods of issuing, trading, owning, and using securities,” Atkins said.“Blockchain technology holds the promise to allow for a broad swath of novel use cases for securities, fostering new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” he added.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize.
US Treasury tokenized market over time.Source: RWA.xyzTokenization of real-world assets has many benefits that outpace traditional finance systems, including faster settlement times and liquidity to previously illiquid assets, advocates say.
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Author / Journalist: Cointelegraph by Christopher Tepedino
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