🇺🇸 SEC CHAIRMAN PAUL ATKINS: TOKENIZATION WILL BE THE FUTURE OF FINANCE
🔸 Tokenization means putting assets like stocks on the blockchain in the form of tokens, making them more transparent because businesses can know exactly who holds their shares.
🔸 Blockchain can shorten settlement time from T plus 1 to T equals 0, helping reduce risk and make the market safer and faster.
🔸 Major banks and brokerage firms have started transitioning to tokenization, and Chairman Atkins says the entire financial system could change within just a few years.
🔸 He stated that the SEC used to hinder innovation, but those days are over—the United States wants to adopt blockchain to maintain its leading position.
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🇺🇸 SEC CHAIRMAN PAUL ATKINS: TOKENIZATION WILL BE THE FUTURE OF FINANCE
🔸 Tokenization means putting assets like stocks on the blockchain in the form of tokens, making them more transparent because businesses can know exactly who holds their shares.
🔸 Blockchain can shorten settlement time from T plus 1 to T equals 0, helping reduce risk and make the market safer and faster.
🔸 Major banks and brokerage firms have started transitioning to tokenization, and Chairman Atkins says the entire financial system could change within just a few years.
🔸 He stated that the SEC used to hinder innovation, but those days are over—the United States wants to adopt blockchain to maintain its leading position.