A new survey-based report finds that buy-side firms are embracing tokenization strategies because they will broaden the investor community by “democratizing access to tokenized assets,” and more than half of survey respondents have a team focused on tokenization-related or digital assets initiatives. The new report, “Tokenization gaining altitude: From pilot projects to industry standard,” is… Read More >>
SEC Pushes to Rescind Climate Disclosure Rules
Whatever you may think of the current configuration of the U.S. Securities and Exchange Commission (SEC), it is not shy about diving into controversy, such as the climate disclosure rules that emerged during the Biden administration. The SEC just issued an official proposal for “the rescission of overly burdensome and costly rules that require companies… Read More >>
Partnership Brings Proxy Voting to Tokenized Securities
Post-trade systems and services provider Broadridge Financial Solutions is partnering with Ondo Finance, a blockchain-native company that can tokenize real-world assets, to unlock proxy voting capabilities for “holders of third-party tokenized stocks and ETFs,” officials say. “Through this integration with a new Web3-enabled solution developed by Broadridge, holders of more than 250 Ondo tokenized stocks… Read More >>
Data from SIX Exchanges Available via Chainlink
SIX, a financial data and exchanges company, and Chainlink, a decentralized blockchain oracle network, have announced that equities data from the exchanges of SIX is available on-chain for the first time, officials say. The data will be offered to more than 2,600 applications in the Chainlink system across 75+ public and private blockchains. “Live on… Read More >>
Digital Money Needs More Governance, Infrastructure & Regulatory Clarity
Emerging forms of digital money — tokenized commercial bank money, stablecoins, and wholesale central bank digital currencies — are bringing with them IT efficiencies promising to enhance capital markets transactions. However, policymakers, regulators, and industry participants must provide greater legal and regulatory clarity, a more efficient infrastructure, and tighter governance. This is according to a… Read More >>
NYSE & Securitize to Focus on Tokenized Securities Markets
The New York Stock Exchange (NYSE) and a firm that specializes in tokenization, Securitize, have begun a collaboration to develop tokenized securities markets, an effort that was formalized via a memorandum of understanding (MOU), officials say. The agreement will facilitate Securitize being named as “the first digital transfer agent eligible to mint blockchain-native securities for… Read More >>
CFTC Task Force to Help IT Innovators
Michael S. Selig, chairman of the Commodity Futures Trading Commission (CFTC), says the regulator wants to help innovators serving the U.S. derivatives markets and has launched the Innovation Task Force, “dedicated to advancing clear rules of the road for American innovators building novel products and technologies,” officials say. In addition, Michael J. Passalacqua, senior advisor… Read More >>
SEC & CFTC Offer Clarity for Crypto Assets
Paul S. Atkins, the chairman of the Securities and Exchange Commission (SEC), has issued clarifications for the treatment of crypto assets under federal securities laws to help market participants know when a crypto asset is a security. The chairman is hoping to build a bridge to the future for entrepreneurs and investors while the U.S…. Read More >>
Is the Post-Trade Market Growing?
Where is the post-trade, securities operations processing market going? One report is predicting “significant expansion” of up to $9.12 billion by 2030 for the market because of DLT/blockchains that facilitate the search for the Nirvana of straight through processing (STP). “The post trade processing solution market is set for significant expansion over the coming years,… Read More >>
Securities Tokenization Hits Its Stride
The tokenization of securities is taking off, and securities firms are moving fast to take advantage of what could be a long-promised leap forward via distributed ledger technology (DLT), otherwise known as blockchains. For securities, tokenization is the ownership of a traditional financial asset but expressed as digital tokens tied to a distributed ledger that… Read More >>
